Regional development from a Kaldorian perspective: the case of the state of Rio de Janeiro.
Kaldorian Theory; Regional Development; Industry; Rio de Janeiro.
The purpose of this project is to analyze the economy of the state of Rio de Janeiro based on the Kaldorian interpretation. The purpose of this dissertation was to analyze the economy of the state of Rio de Janeiro from the Kaldorian interpretation. According to the Kaldorian argument, exports, especially products of high and medium technological intensity, exercise a fundamental role in the dynamics of economies in the long term. The literature review about the Kaldorian model, developed during the 1970s, associated with theories of regional development, provides theoretical support that the growth of exports from the state of Rio de Janeiro, observed in recent years, has not followed the Kaldorian logic. In view of the central characteristics that have singularized the performance of Rio de Janeiro state exports during the period 1999 to 2019, the analysis of exports via Locational Quotient and the export concentration index, it was found that exports have been increasingly concentrated in the extractive activity while the other sectors have reduced participation in the export agenda of the state of Rio de Janeiro. The oil sector is responsible for the state's trade balance surpluses with a subsequent increase in the share of the national aggregate product. Through empirical analysis via the hypothetical extraction method using the input-output, matrix base year 2015 for the state of Rio de Janeiro, it was found that machinery and equipment would be the sector most impacted due to a hypothetical absence of the foreign sector. In a general way, machinery and equipment is a sector composed of capital goods that, in their majority, are of medium and high technological intensity. However, when analyzing in detail the products that make up this sector in the state of Rio de Janeiro, it was verified that they are concentrated in machines and equipment linked to the oil and commodities subsector, which are of low technological intensity, and therefore have low-income elasticity. The extractive industry is the sector most impacted by the hypothetical extraction of Rio de Janeiro's exports, with a 25% drop. Therefore, the economic growth of the state of Rio de Janeiro does not follow the Kaldorian logic and, in the long term, may suffer restrictions in the balance of payments, not being feasible to make the virtuous circle viable. Therefore, it becomes urgent public policies that aim at the densification and diversification of the production chain of the state of Rio de Janeiro.