THE SRAFFIAN SUPERMULTIPLIER, HARROD’S FUNDAMENTAL INSTABILITY AND THE “OXBRIDGE” DILEMMA

Detalhes bibliográficos
Autor(a) principal: Serrano, Franklin
Data de Publicação: 2020
Outros Autores: Freitas, Fabio, Bhering, Gustavo
Tipo de documento: Artigo
Idioma: por
Título da fonte: Análise Econômica (Online)
Texto Completo: https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/78286
Resumo: The paper compares and contrasts the sraffian supermultiplier demand ledgrowth model with key post-keynesian models, using a very simple analytical framework.We demonstrate that: the supermultiplier model allows capacity to adjust to demand,in sharp contrast with the Harrodian model; that in the Cambridge models wehave the opposite tendency of aggregate demand to adjust to capacity; and that thesupermultiplier preserves the exogeneity of the distribution parameter without the needto assume that the actual degree of capacity utilization is endogenous in the longer run,typical of models based in Kalecki and Steindl´s ideas.
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spelling THE SRAFFIAN SUPERMULTIPLIER, HARROD’S FUNDAMENTAL INSTABILITY AND THE “OXBRIDGE” DILEMMAO SUPERMULTIPLICADOR SRAFFIANO, A INSTABILIDADE FUNDAMENTAL DE HARROD E O DILEMA DE “OXBRIDGE”Demanda efetivaCrescimentoSupermultiplicador sraffianoE11E12O41Effective demandEconomic growthSraffian supermultiplierE11E12O41The paper compares and contrasts the sraffian supermultiplier demand ledgrowth model with key post-keynesian models, using a very simple analytical framework.We demonstrate that: the supermultiplier model allows capacity to adjust to demand,in sharp contrast with the Harrodian model; that in the Cambridge models wehave the opposite tendency of aggregate demand to adjust to capacity; and that thesupermultiplier preserves the exogeneity of the distribution parameter without the needto assume that the actual degree of capacity utilization is endogenous in the longer run,typical of models based in Kalecki and Steindl´s ideas.O trabalho compara o modelo de crescimento liderado pela demanda do supermultiplicadorsraffiano com os principais modelos de crescimento pós-keynesianos,usando um esquema analítico simples. Demonstramos que: o modelo permite o ajustamentoda capacidade à tendência da demanda, em contraste com o modelo de Harrod;que nos modelos de Cambridge há a tendência oposta de ajustamento da demanda àcapacidade produtiva; e que o supermultiplicador mantém a hipótese de distribuiçãoexógena, mas sem a necessidade de ter que supor que o grau efetivo de utilização dacapacidade é endógeno, como nos modelos baseados em Kalecki e Steindl.UFRGS2020-09-27info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/7828610.22456/2176-5456.78286Análise Econômica; Vol. 38 No. 77 (2020): Setembro/2020Análise Econômica; v. 38 n. 77 (2020): Setembro/20202176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/78286/58557Copyright (c) 2020 Análise Econômicainfo:eu-repo/semantics/openAccessSerrano, FranklinFreitas, FabioBhering, Gustavo2020-09-29T21:47:30Zoai:seer.ufrgs.br:article/78286Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2020-09-29T21:47:30Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false
dc.title.none.fl_str_mv THE SRAFFIAN SUPERMULTIPLIER, HARROD’S FUNDAMENTAL INSTABILITY AND THE “OXBRIDGE” DILEMMA
O SUPERMULTIPLICADOR SRAFFIANO, A INSTABILIDADE FUNDAMENTAL DE HARROD E O DILEMA DE “OXBRIDGE”
title THE SRAFFIAN SUPERMULTIPLIER, HARROD’S FUNDAMENTAL INSTABILITY AND THE “OXBRIDGE” DILEMMA
spellingShingle THE SRAFFIAN SUPERMULTIPLIER, HARROD’S FUNDAMENTAL INSTABILITY AND THE “OXBRIDGE” DILEMMA
Serrano, Franklin
Demanda efetiva
Crescimento
Supermultiplicador sraffiano
E11
E12
O41
Effective demand
Economic growth
Sraffian supermultiplier
E11
E12
O41
title_short THE SRAFFIAN SUPERMULTIPLIER, HARROD’S FUNDAMENTAL INSTABILITY AND THE “OXBRIDGE” DILEMMA
title_full THE SRAFFIAN SUPERMULTIPLIER, HARROD’S FUNDAMENTAL INSTABILITY AND THE “OXBRIDGE” DILEMMA
title_fullStr THE SRAFFIAN SUPERMULTIPLIER, HARROD’S FUNDAMENTAL INSTABILITY AND THE “OXBRIDGE” DILEMMA
title_full_unstemmed THE SRAFFIAN SUPERMULTIPLIER, HARROD’S FUNDAMENTAL INSTABILITY AND THE “OXBRIDGE” DILEMMA
title_sort THE SRAFFIAN SUPERMULTIPLIER, HARROD’S FUNDAMENTAL INSTABILITY AND THE “OXBRIDGE” DILEMMA
author Serrano, Franklin
author_facet Serrano, Franklin
Freitas, Fabio
Bhering, Gustavo
author_role author
author2 Freitas, Fabio
Bhering, Gustavo
author2_role author
author
dc.contributor.author.fl_str_mv Serrano, Franklin
Freitas, Fabio
Bhering, Gustavo
dc.subject.por.fl_str_mv Demanda efetiva
Crescimento
Supermultiplicador sraffiano
E11
E12
O41
Effective demand
Economic growth
Sraffian supermultiplier
E11
E12
O41
topic Demanda efetiva
Crescimento
Supermultiplicador sraffiano
E11
E12
O41
Effective demand
Economic growth
Sraffian supermultiplier
E11
E12
O41
description The paper compares and contrasts the sraffian supermultiplier demand ledgrowth model with key post-keynesian models, using a very simple analytical framework.We demonstrate that: the supermultiplier model allows capacity to adjust to demand,in sharp contrast with the Harrodian model; that in the Cambridge models wehave the opposite tendency of aggregate demand to adjust to capacity; and that thesupermultiplier preserves the exogeneity of the distribution parameter without the needto assume that the actual degree of capacity utilization is endogenous in the longer run,typical of models based in Kalecki and Steindl´s ideas.
publishDate 2020
dc.date.none.fl_str_mv 2020-09-27
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://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/78286
10.22456/2176-5456.78286
url https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/78286
identifier_str_mv 10.22456/2176-5456.78286
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/78286/58557
dc.rights.driver.fl_str_mv Copyright (c) 2020 Análise Econômica
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2020 Análise Econômica
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv UFRGS
publisher.none.fl_str_mv UFRGS
dc.source.none.fl_str_mv Análise Econômica; Vol. 38 No. 77 (2020): Setembro/2020
Análise Econômica; v. 38 n. 77 (2020): Setembro/2020
2176-5456
0102-9924
reponame:Análise Econômica (Online)
instname:Universidade Federal do Rio Grande do Sul (UFRGS)
instacron:UFRGS
instname_str Universidade Federal do Rio Grande do Sul (UFRGS)
instacron_str UFRGS
institution UFRGS
reponame_str Análise Econômica (Online)
collection Análise Econômica (Online)
repository.name.fl_str_mv Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)
repository.mail.fl_str_mv ||rae@ufrgs.br
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