A multi-sector version of the post-keynesian growth model

Detalhes bibliográficos
Autor(a) principal: Araujo, Ricardo Silva Azevedo
Data de Publicação: 2015
Outros Autores: Teixeira, Joanílio Rodolpho
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Estudos Econômicos (São Paulo)
Texto Completo: https://www.revistas.usp.br/ee/article/view/49526
Resumo: With this inquiry we seek to develop a disaggregated version of the post-Keynesian approach to economic growth, by showing that indeed it can be treated as a particular case of the Pasinettian model of structural change and economic expansion.  By relying upon vertical integration it becomes possible to carry out the analysis initiated by Kaldor (1956) and Robinson (1956, 1962), and followed by Dutt (1984), Rowthorn (1982) and later Bhaduri and Marglin (1990) in a multi-sectoral model in which demand and productivity increase at different paces in each sector. By adopting this approach it is possible to show that the structural economic dynamics is conditioned not only to patterns of evolving demand and diffusion of technological progress but also to the distributive features of the economy, which can give rise to different regimes of economic growth. Besides, we find it possible to determine the natural rate of profit that makes the mark-up rate to be constant over time.
id USP-14_11211f13eb6c195897947859a9f285cc
oai_identifier_str oai:revistas.usp.br:article/49526
network_acronym_str USP-14
network_name_str Estudos Econômicos (São Paulo)
repository_id_str
spelling A multi-sector version of the post-keynesian growth modelModelo pós-keynesiano de crescimento econômicoMudança estruturalModelos multi-setoriaisPost-Keynesian growth modelstructural changemulti-sector modelsWith this inquiry we seek to develop a disaggregated version of the post-Keynesian approach to economic growth, by showing that indeed it can be treated as a particular case of the Pasinettian model of structural change and economic expansion.  By relying upon vertical integration it becomes possible to carry out the analysis initiated by Kaldor (1956) and Robinson (1956, 1962), and followed by Dutt (1984), Rowthorn (1982) and later Bhaduri and Marglin (1990) in a multi-sectoral model in which demand and productivity increase at different paces in each sector. By adopting this approach it is possible to show that the structural economic dynamics is conditioned not only to patterns of evolving demand and diffusion of technological progress but also to the distributive features of the economy, which can give rise to different regimes of economic growth. Besides, we find it possible to determine the natural rate of profit that makes the mark-up rate to be constant over time.Neste artigo, pretende-se desenvolver uma versão desagregada da abordagem pós--Keynesiana para o crescimento econômico, mostrando que de fato esse modelo podeser tratado como um caso particular do modelo Pasinettiano de mudança estruturale crescimento econômico. Utilizando-se o conceito de integração vertical, torna-sepossível conduzir a análise iniciada por Kaldor (1956) e Robinson (1956, 1962), e seguidopor Dutt (1984), Rowthorn (1982) e, posteriormente, Bhaduri e Marglin (1990)em um modelo multi-sectorial em que há aumentos da demanda e produtividade emritmos diferentes em cada setor. Ao adotar essa abordagem, é possível mostrar que adinâmica de mudança estrutural está condicionada não apenas aos padrões de demanda de evolução das preferências e da difusão do progresso tecnológico, mas tambémcom as características distributivas da economia, que podem dar origem a diferentesregimes setoriais de crescimento econômico. Além disso, é possível determinar a taxanatural de lucro que faz com que a taxa de mark-up seja constante ao longo do tempo.Universidade de São Paulo. Faculdade de Economia, Administração e Contabilidade2015-03-30info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://www.revistas.usp.br/ee/article/view/4952610.1590/0101-4161201545127rajEstudos Econômicos (São Paulo); v. 45 n. 1 (2015); 127-1521980-53570101-4161reponame:Estudos Econômicos (São Paulo)instname:Universidade de São Paulo (USP)instacron:USPenghttps://www.revistas.usp.br/ee/article/view/49526/98031Copyright (c) 2015 Ricardo Silva Azevedo Araujo, Joanílio Rodolpho Teixeirahttp://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccessAraujo, Ricardo Silva AzevedoTeixeira, Joanílio Rodolpho2020-12-07T22:27:41Zoai:revistas.usp.br:article/49526Revistahttps://www.revistas.usp.br/eePUBhttps://www.revistas.usp.br/ee/oaiestudoseconomicos@usp.br||aldrighi@usp.br1980-53570101-4161opendoar:2020-12-07T22:27:41Estudos Econômicos (São Paulo) - Universidade de São Paulo (USP)false
dc.title.none.fl_str_mv A multi-sector version of the post-keynesian growth model
title A multi-sector version of the post-keynesian growth model
spellingShingle A multi-sector version of the post-keynesian growth model
Araujo, Ricardo Silva Azevedo
Modelo pós-keynesiano de crescimento econômico
Mudança estrutural
Modelos multi-setoriais
Post-Keynesian growth model
structural change
multi-sector models
title_short A multi-sector version of the post-keynesian growth model
title_full A multi-sector version of the post-keynesian growth model
title_fullStr A multi-sector version of the post-keynesian growth model
title_full_unstemmed A multi-sector version of the post-keynesian growth model
title_sort A multi-sector version of the post-keynesian growth model
author Araujo, Ricardo Silva Azevedo
author_facet Araujo, Ricardo Silva Azevedo
Teixeira, Joanílio Rodolpho
author_role author
author2 Teixeira, Joanílio Rodolpho
author2_role author
dc.contributor.author.fl_str_mv Araujo, Ricardo Silva Azevedo
Teixeira, Joanílio Rodolpho
dc.subject.por.fl_str_mv Modelo pós-keynesiano de crescimento econômico
Mudança estrutural
Modelos multi-setoriais
Post-Keynesian growth model
structural change
multi-sector models
topic Modelo pós-keynesiano de crescimento econômico
Mudança estrutural
Modelos multi-setoriais
Post-Keynesian growth model
structural change
multi-sector models
description With this inquiry we seek to develop a disaggregated version of the post-Keynesian approach to economic growth, by showing that indeed it can be treated as a particular case of the Pasinettian model of structural change and economic expansion.  By relying upon vertical integration it becomes possible to carry out the analysis initiated by Kaldor (1956) and Robinson (1956, 1962), and followed by Dutt (1984), Rowthorn (1982) and later Bhaduri and Marglin (1990) in a multi-sectoral model in which demand and productivity increase at different paces in each sector. By adopting this approach it is possible to show that the structural economic dynamics is conditioned not only to patterns of evolving demand and diffusion of technological progress but also to the distributive features of the economy, which can give rise to different regimes of economic growth. Besides, we find it possible to determine the natural rate of profit that makes the mark-up rate to be constant over time.
publishDate 2015
dc.date.none.fl_str_mv 2015-03-30
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://www.revistas.usp.br/ee/article/view/49526
10.1590/0101-4161201545127raj
url https://www.revistas.usp.br/ee/article/view/49526
identifier_str_mv 10.1590/0101-4161201545127raj
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://www.revistas.usp.br/ee/article/view/49526/98031
dc.rights.driver.fl_str_mv Copyright (c) 2015 Ricardo Silva Azevedo Araujo, Joanílio Rodolpho Teixeira
http://creativecommons.org/licenses/by-nc/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2015 Ricardo Silva Azevedo Araujo, Joanílio Rodolpho Teixeira
http://creativecommons.org/licenses/by-nc/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade de São Paulo. Faculdade de Economia, Administração e Contabilidade
publisher.none.fl_str_mv Universidade de São Paulo. Faculdade de Economia, Administração e Contabilidade
dc.source.none.fl_str_mv Estudos Econômicos (São Paulo); v. 45 n. 1 (2015); 127-152
1980-5357
0101-4161
reponame:Estudos Econômicos (São Paulo)
instname:Universidade de São Paulo (USP)
instacron:USP
instname_str Universidade de São Paulo (USP)
instacron_str USP
institution USP
reponame_str Estudos Econômicos (São Paulo)
collection Estudos Econômicos (São Paulo)
repository.name.fl_str_mv Estudos Econômicos (São Paulo) - Universidade de São Paulo (USP)
repository.mail.fl_str_mv estudoseconomicos@usp.br||aldrighi@usp.br
_version_ 1787713829456576512

Registros relacionados