Strong accelerator and concavity of the consumption function in neokaleckian models: rediscussing the wage-led growth
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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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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 |
_version_ |
1799711059711361024 |