Goodwin cycles and the BoPC growth paradigm: a macrodynamic model of growth and fluctuations

Detalhes bibliográficos
Autor(a) principal: Marwil Jhonatan Dávila-Fernándeza
Data de Publicação: 2016
Outros Autores: Gilberto de Assis Libanio
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional da UFMG
Texto Completo: http://hdl.handle.net/1843/42430
Resumo: 2016AbstractThe paper builds a non-linear macrodynamic model to study the relation between the functional distribution of income, techno-logical progress and economic growth. In the short-term, the interaction between the productivity regime, the demand regime andthe distributive conflict generates cyclical paths a la Goodwin. In the long-term, output growth rate is constrained by the balanceof payments a la Thirlwall, in which the elasticities of foreign trade are modeled as a function of the complex relation between thewage-share and the innovation capabilities of theeconomy.
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spelling 2022-06-10T18:59:09Z2022-06-10T18:59:09Z201617332433910.1016/j.econ.2016.09.0041517-7580http://hdl.handle.net/1843/424302016AbstractThe paper builds a non-linear macrodynamic model to study the relation between the functional distribution of income, techno-logical progress and economic growth. In the short-term, the interaction between the productivity regime, the demand regime andthe distributive conflict generates cyclical paths a la Goodwin. In the long-term, output growth rate is constrained by the balanceof payments a la Thirlwall, in which the elasticities of foreign trade are modeled as a function of the complex relation between thewage-share and the innovation capabilities of theeconomy.O artigo constrói um modelo dinâmico não-linear para estudar a relac¸ão entre a distribuic¸ão funcional da renda, o progressotécnico e o crescimento econômico. No curto prazo, a interac¸ão entre o regime de produtividade, o regime de demanda e o conflitodistributivo gera trajetórias cíclicas a la Goodwin. No longo prazo, o crescimento do produto é restrito pelo balanc¸o de pagamentosa la Thirlwall, em que as elasticidades de comércio exterior são modeladas pela complexa relac¸ão entre o wage-share e a capacidadeinovativa da economia.engUniversidade Federal de Minas GeraisUFMGBrasilFCE - DEPARTAMENTO DE CIÊNCIAS ECONÔMICASEconomiaDesenvolvimento econômicoDistribuição de rendaProdutividadeDemanda (Teoria econômica)Cescimento econômicoBalanço de pagamentosCyclical growthGoodwin cyclesDistributive cyclesThirlwalls lawBalance of payments constraintGoodwin cycles and the BoPC growth paradigm: a macrodynamic model of growth and fluctuationsCiclos Goodwin e o paradigma de crescimento BoPC: um modelo macrodinâmico de crescimento e flutuaçõesinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttps://www.sciencedirect.com/science/article/pii/S1517758015300229Marwil Jhonatan Dávila-FernándezaGilberto de Assis Libanioinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional da UFMGinstname:Universidade Federal de Minas Gerais (UFMG)instacron:UFMGLICENSELicense.txtLicense.txttext/plain; charset=utf-82042https://repositorio.ufmg.br/bitstream/1843/42430/1/License.txtfa505098d172de0bc8864fc1287ffe22MD51ORIGINALGoodwin cycles and the BoPC growth paradigm.pdfGoodwin cycles and the BoPC growth paradigm.pdfapplication/pdf1161272https://repositorio.ufmg.br/bitstream/1843/42430/2/Goodwin%20cycles%20and%20the%20BoPC%20growth%20paradigm.pdf879fe5d61384cd1c571f5528442935f9MD521843/424302022-06-10 15:59:10.256oai:repositorio.ufmg.br:1843/42430TElDRU7vv71BIERFIERJU1RSSUJVSe+/ve+/vU8gTu+/vU8tRVhDTFVTSVZBIERPIFJFUE9TSVTvv71SSU8gSU5TVElUVUNJT05BTCBEQSBVRk1HCiAKCkNvbSBhIGFwcmVzZW50Ye+/ve+/vW8gZGVzdGEgbGljZW7vv71hLCB2b2Pvv70gKG8gYXV0b3IgKGVzKSBvdSBvIHRpdHVsYXIgZG9zIGRpcmVpdG9zIGRlIGF1dG9yKSBjb25jZWRlIGFvIFJlcG9zaXTvv71yaW8gSW5zdGl0dWNpb25hbCBkYSBVRk1HIChSSS1VRk1HKSBvIGRpcmVpdG8gbu+/vW8gZXhjbHVzaXZvIGUgaXJyZXZvZ++/vXZlbCBkZSByZXByb2R1emlyIGUvb3UgZGlzdHJpYnVpciBhIHN1YSBwdWJsaWNh77+977+9byAoaW5jbHVpbmRvIG8gcmVzdW1vKSBwb3IgdG9kbyBvIG11bmRvIG5vIGZvcm1hdG8gaW1wcmVzc28gZSBlbGV0cu+/vW5pY28gZSBlbSBxdWFscXVlciBtZWlvLCBpbmNsdWluZG8gb3MgZm9ybWF0b3Mg77+9dWRpbyBvdSB277+9ZGVvLgoKVm9j77+9IGRlY2xhcmEgcXVlIGNvbmhlY2UgYSBwb2zvv710aWNhIGRlIGNvcHlyaWdodCBkYSBlZGl0b3JhIGRvIHNldSBkb2N1bWVudG8gZSBxdWUgY29uaGVjZSBlIGFjZWl0YSBhcyBEaXJldHJpemVzIGRvIFJJLVVGTUcuCgpWb2Pvv70gY29uY29yZGEgcXVlIG8gUmVwb3NpdO+/vXJpbyBJbnN0aXR1Y2lvbmFsIGRhIFVGTUcgcG9kZSwgc2VtIGFsdGVyYXIgbyBjb250Ze+/vWRvLCB0cmFuc3BvciBhIHN1YSBwdWJsaWNh77+977+9byBwYXJhIHF1YWxxdWVyIG1laW8gb3UgZm9ybWF0byBwYXJhIGZpbnMgZGUgcHJlc2VydmHvv73vv71vLgoKVm9j77+9IHRhbWLvv71tIGNvbmNvcmRhIHF1ZSBvIFJlcG9zaXTvv71yaW8gSW5zdGl0dWNpb25hbCBkYSBVRk1HIHBvZGUgbWFudGVyIG1haXMgZGUgdW1hIGPvv71waWEgZGUgc3VhIHB1YmxpY2Hvv73vv71vIHBhcmEgZmlucyBkZSBzZWd1cmFu77+9YSwgYmFjay11cCBlIHByZXNlcnZh77+977+9by4KClZvY++/vSBkZWNsYXJhIHF1ZSBhIHN1YSBwdWJsaWNh77+977+9byDvv70gb3JpZ2luYWwgZSBxdWUgdm9j77+9IHRlbSBvIHBvZGVyIGRlIGNvbmNlZGVyIG9zIGRpcmVpdG9zIGNvbnRpZG9zIG5lc3RhIGxpY2Vu77+9YS4gVm9j77+9IHRhbWLvv71tIGRlY2xhcmEgcXVlIG8gZGVw77+9c2l0byBkZSBzdWEgcHVibGljYe+/ve+/vW8gbu+/vW8sIHF1ZSBzZWphIGRlIHNldSBjb25oZWNpbWVudG8sIGluZnJpbmdlIGRpcmVpdG9zIGF1dG9yYWlzIGRlIG5pbmd177+9bS4KCkNhc28gYSBzdWEgcHVibGljYe+/ve+/vW8gY29udGVuaGEgbWF0ZXJpYWwgcXVlIHZvY++/vSBu77+9byBwb3NzdWkgYSB0aXR1bGFyaWRhZGUgZG9zIGRpcmVpdG9zIGF1dG9yYWlzLCB2b2Pvv70gZGVjbGFyYSBxdWUgb2J0ZXZlIGEgcGVybWlzc++/vW8gaXJyZXN0cml0YSBkbyBkZXRlbnRvciBkb3MgZGlyZWl0b3MgYXV0b3JhaXMgcGFyYSBjb25jZWRlciBhbyBSZXBvc2l077+9cmlvIEluc3RpdHVjaW9uYWwgZGEgVUZNRyBvcyBkaXJlaXRvcyBhcHJlc2VudGFkb3MgbmVzdGEgbGljZW7vv71hLCBlIHF1ZSBlc3NlIG1hdGVyaWFsIGRlIHByb3ByaWVkYWRlIGRlIHRlcmNlaXJvcyBlc3Tvv70gY2xhcmFtZW50ZSBpZGVudGlmaWNhZG8gZSByZWNvbmhlY2lkbyBubyB0ZXh0byBvdSBubyBjb250Ze+/vWRvIGRhIHB1YmxpY2Hvv73vv71vIG9yYSBkZXBvc2l0YWRhLgoKQ0FTTyBBIFBVQkxJQ0Hvv73vv71PIE9SQSBERVBPU0lUQURBIFRFTkhBIFNJRE8gUkVTVUxUQURPIERFIFVNIFBBVFJPQ++/vU5JTyBPVSBBUE9JTyBERSBVTUEgQUfvv71OQ0lBIERFIEZPTUVOVE8gT1UgT1VUUk8gT1JHQU5JU01PLCBWT0Pvv70gREVDTEFSQSBRVUUgUkVTUEVJVE9VIFRPRE9TIEUgUVVBSVNRVUVSIERJUkVJVE9TIERFIFJFVklT77+9TyBDT01PIFRBTULvv71NIEFTIERFTUFJUyBPQlJJR0Hvv73vv71FUyBFWElHSURBUyBQT1IgQ09OVFJBVE8gT1UgQUNPUkRPLgoKTyBSZXBvc2l077+9cmlvIEluc3RpdHVjaW9uYWwgZGEgVUZNRyBzZSBjb21wcm9tZXRlIGEgaWRlbnRpZmljYXIgY2xhcmFtZW50ZSBvIHNldSBub21lKHMpIG91IG8ocykgbm9tZXMocykgZG8ocykgZGV0ZW50b3IoZXMpIGRvcyBkaXJlaXRvcyBhdXRvcmFpcyBkYSBwdWJsaWNh77+977+9bywgZSBu77+9byBmYXLvv70gcXVhbHF1ZXIgYWx0ZXJh77+977+9bywgYWzvv71tIGRhcXVlbGFzIGNvbmNlZGlkYXMgcG9yIGVzdGEgbGljZW7vv71hLgo=Repositório de PublicaçõesPUBhttps://repositorio.ufmg.br/oaiopendoar:2022-06-10T18:59:10Repositório Institucional da UFMG - Universidade Federal de Minas Gerais (UFMG)false
dc.title.pt_BR.fl_str_mv Goodwin cycles and the BoPC growth paradigm: a macrodynamic model of growth and fluctuations
dc.title.alternative.pt_BR.fl_str_mv Ciclos Goodwin e o paradigma de crescimento BoPC: um modelo macrodinâmico de crescimento e flutuações
title Goodwin cycles and the BoPC growth paradigm: a macrodynamic model of growth and fluctuations
spellingShingle Goodwin cycles and the BoPC growth paradigm: a macrodynamic model of growth and fluctuations
Marwil Jhonatan Dávila-Fernándeza
Cyclical growth
Goodwin cycles
Distributive cycles
Thirlwalls law
Balance of payments constraint
Desenvolvimento econômico
Distribuição de renda
Produtividade
Demanda (Teoria econômica)
Cescimento econômico
Balanço de pagamentos
title_short Goodwin cycles and the BoPC growth paradigm: a macrodynamic model of growth and fluctuations
title_full Goodwin cycles and the BoPC growth paradigm: a macrodynamic model of growth and fluctuations
title_fullStr Goodwin cycles and the BoPC growth paradigm: a macrodynamic model of growth and fluctuations
title_full_unstemmed Goodwin cycles and the BoPC growth paradigm: a macrodynamic model of growth and fluctuations
title_sort Goodwin cycles and the BoPC growth paradigm: a macrodynamic model of growth and fluctuations
author Marwil Jhonatan Dávila-Fernándeza
author_facet Marwil Jhonatan Dávila-Fernándeza
Gilberto de Assis Libanio
author_role author
author2 Gilberto de Assis Libanio
author2_role author
dc.contributor.author.fl_str_mv Marwil Jhonatan Dávila-Fernándeza
Gilberto de Assis Libanio
dc.subject.por.fl_str_mv Cyclical growth
Goodwin cycles
Distributive cycles
Thirlwalls law
Balance of payments constraint
topic Cyclical growth
Goodwin cycles
Distributive cycles
Thirlwalls law
Balance of payments constraint
Desenvolvimento econômico
Distribuição de renda
Produtividade
Demanda (Teoria econômica)
Cescimento econômico
Balanço de pagamentos
dc.subject.other.pt_BR.fl_str_mv Desenvolvimento econômico
Distribuição de renda
Produtividade
Demanda (Teoria econômica)
Cescimento econômico
Balanço de pagamentos
description 2016AbstractThe paper builds a non-linear macrodynamic model to study the relation between the functional distribution of income, techno-logical progress and economic growth. In the short-term, the interaction between the productivity regime, the demand regime andthe distributive conflict generates cyclical paths a la Goodwin. In the long-term, output growth rate is constrained by the balanceof payments a la Thirlwall, in which the elasticities of foreign trade are modeled as a function of the complex relation between thewage-share and the innovation capabilities of theeconomy.
publishDate 2016
dc.date.issued.fl_str_mv 2016
dc.date.accessioned.fl_str_mv 2022-06-10T18:59:09Z
dc.date.available.fl_str_mv 2022-06-10T18:59:09Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/1843/42430
dc.identifier.doi.pt_BR.fl_str_mv 10.1016/j.econ.2016.09.004
dc.identifier.issn.pt_BR.fl_str_mv 1517-7580
identifier_str_mv 10.1016/j.econ.2016.09.004
1517-7580
url http://hdl.handle.net/1843/42430
dc.language.iso.fl_str_mv eng
language eng
dc.relation.ispartof.pt_BR.fl_str_mv Economia
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Universidade Federal de Minas Gerais
dc.publisher.initials.fl_str_mv UFMG
dc.publisher.country.fl_str_mv Brasil
dc.publisher.department.fl_str_mv FCE - DEPARTAMENTO DE CIÊNCIAS ECONÔMICAS
publisher.none.fl_str_mv Universidade Federal de Minas Gerais
dc.source.none.fl_str_mv reponame:Repositório Institucional da UFMG
instname:Universidade Federal de Minas Gerais (UFMG)
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instname_str Universidade Federal de Minas Gerais (UFMG)
instacron_str UFMG
institution UFMG
reponame_str Repositório Institucional da UFMG
collection Repositório Institucional da UFMG
bitstream.url.fl_str_mv https://repositorio.ufmg.br/bitstream/1843/42430/1/License.txt
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