Goodwin cycles and the BoPC growth paradigm: a macrodynamic model of growth and fluctuations
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Outros Autores: | |
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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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: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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 |
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reponame:Repositório Institucional da UFMG instname:Universidade Federal de Minas Gerais (UFMG) instacron:UFMG |
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UFMG |
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UFMG |
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Repositório Institucional da UFMG |
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Repositório Institucional da UFMG |
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