Strong accelerator and concavity of the consumption function in neokaleckian models: rediscussing the wage-led growth

Detalhes bibliográficos
Autor(a) principal: Moreira, Vivian Garrido
Data de Publicação: 2019
Tipo de documento: Artigo
Idioma: por
Título da fonte: Nova Economia (Online)
Texto Completo: https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3696
Resumo: This essay proposes an alternative for generalization, under certain conditions, of the concept of strong accelerator, in the sense given by Bhaduri and Marglin (1988 and 1990) model, using a concave consumptionfunction. Based on this, it demonstrates that the possibility of a wage-led growth becomes very probable and no more an eventual case. Symmetrically, it makes improbable the possibility of occurrence of profit squeeze. The text also analyses critically the Bhaduri and Marglin canonical model, presenting questions about its clarity as a source of criticism of a range of neokaleckians growth models that have been published previously.   Keywords: robinsonian stability, strong accelerator, Bhaduri and Marglin, wage-led growth, profi t-squeeze.
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spelling Strong accelerator and concavity of the consumption function in neokaleckian models: rediscussing the wage-led growthAcelerador forte e concavidade na função consumo em modelos neokaleckianos: rediscutindo o crescimento liderado pelos saláriosThis essay proposes an alternative for generalization, under certain conditions, of the concept of strong accelerator, in the sense given by Bhaduri and Marglin (1988 and 1990) model, using a concave consumptionfunction. Based on this, it demonstrates that the possibility of a wage-led growth becomes very probable and no more an eventual case. Symmetrically, it makes improbable the possibility of occurrence of profit squeeze. The text also analyses critically the Bhaduri and Marglin canonical model, presenting questions about its clarity as a source of criticism of a range of neokaleckians growth models that have been published previously.   Keywords: robinsonian stability, strong accelerator, Bhaduri and Marglin, wage-led growth, profi t-squeeze.Este ensaio propõe uma alternativa de generalização, sob certas condições, do conceito de acelerador forte, no sentido dado a ele dentro do modelo crítico de Bhaduri e Marglin (1988 e 1990), a partir de uma função consumo côncava. Com base nisso, demonstra que a possibilidade de um regime de crescimento liderado pelos salários deixa de ser um caso eventual, tonando-se consideravelmente provável. Simetricamente, torna improvável a possibilidade de ocorrência de compressão dos lucros (profi t-squeeze). O texto também analisa criticamente o próprio modelo canônico de Bhaduri e Marglin, apresentando questionamentos sobre sua clareza enquanto fonte de crítica a uma série de modelos de crescimento neokaleckianos que o antecedem.   Palavras-chave: estabilidade robinsoniana, acelerador forte, Bhaduri e Marglin, crescimento liderado pelos salários, compressão de lucros.Departamento de Ciências Econômicas da UFMG2019-12-31info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3696Nova Economia; Vol. 29 No. 3 (2019); 731-756Nova Economia; v. 29 n. 3 (2019); 731-7561980-53810103-6351reponame:Nova Economia (Online)instname:Universidade Federal de Minas Gerais (UFMG)instacron:UFMGporhttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3696/2987Copyright (c) 2019 Vivian Garrido Moreirainfo:eu-repo/semantics/openAccessMoreira, Vivian Garrido2020-10-04T22:22:18Zoai:ojs.pkp.sfu.ca:article/3696Revistahttps://revistas.face.ufmg.br/index.php/novaeconomiaPUBhttps://revistas.face.ufmg.br/index.php/novaeconomia/oai||ne@face.ufmg.br1980-53810103-6351opendoar:2020-10-04T22:22:18Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)false
dc.title.none.fl_str_mv Strong accelerator and concavity of the consumption function in neokaleckian models: rediscussing the wage-led growth
Acelerador forte e concavidade na função consumo em modelos neokaleckianos: rediscutindo o crescimento liderado pelos salários
title Strong accelerator and concavity of the consumption function in neokaleckian models: rediscussing the wage-led growth
spellingShingle Strong accelerator and concavity of the consumption function in neokaleckian models: rediscussing the wage-led growth
Moreira, Vivian Garrido
title_short Strong accelerator and concavity of the consumption function in neokaleckian models: rediscussing the wage-led growth
title_full Strong accelerator and concavity of the consumption function in neokaleckian models: rediscussing the wage-led growth
title_fullStr Strong accelerator and concavity of the consumption function in neokaleckian models: rediscussing the wage-led growth
title_full_unstemmed Strong accelerator and concavity of the consumption function in neokaleckian models: rediscussing the wage-led growth
title_sort Strong accelerator and concavity of the consumption function in neokaleckian models: rediscussing the wage-led growth
author Moreira, Vivian Garrido
author_facet Moreira, Vivian Garrido
author_role author
dc.contributor.author.fl_str_mv Moreira, Vivian Garrido
description This essay proposes an alternative for generalization, under certain conditions, of the concept of strong accelerator, in the sense given by Bhaduri and Marglin (1988 and 1990) model, using a concave consumptionfunction. Based on this, it demonstrates that the possibility of a wage-led growth becomes very probable and no more an eventual case. Symmetrically, it makes improbable the possibility of occurrence of profit squeeze. The text also analyses critically the Bhaduri and Marglin canonical model, presenting questions about its clarity as a source of criticism of a range of neokaleckians growth models that have been published previously.   Keywords: robinsonian stability, strong accelerator, Bhaduri and Marglin, wage-led growth, profi t-squeeze.
publishDate 2019
dc.date.none.fl_str_mv 2019-12-31
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3696
url https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3696
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3696/2987
dc.rights.driver.fl_str_mv Copyright (c) 2019 Vivian Garrido Moreira
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2019 Vivian Garrido Moreira
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Departamento de Ciências Econômicas da UFMG
publisher.none.fl_str_mv Departamento de Ciências Econômicas da UFMG
dc.source.none.fl_str_mv Nova Economia; Vol. 29 No. 3 (2019); 731-756
Nova Economia; v. 29 n. 3 (2019); 731-756
1980-5381
0103-6351
reponame:Nova Economia (Online)
instname:Universidade Federal de Minas Gerais (UFMG)
instacron:UFMG
instname_str Universidade Federal de Minas Gerais (UFMG)
instacron_str UFMG
institution UFMG
reponame_str Nova Economia (Online)
collection Nova Economia (Online)
repository.name.fl_str_mv Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)
repository.mail.fl_str_mv ||ne@face.ufmg.br
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