Stock-Flow Consistent (SFC) as a Suitable Approach to Modeling the New Developmentalist Framework

Abstract

This paper explores the theoretical bases of New Developmentalism, highlighting its core propositions. Evaluates the first effort of mathematical proposition of a New Developmentalist prototype model. It explores how the integration of the current model with a version using the Stock-Flow Consistent approach would look like and how this methodology could help to solve some gaps left behind. Finally, a projection for a new research agenda using sectoral and microeconomic details is pointed out as a possible work front.