Decisions on investment allocation in the Post-Keynesian growth model

Detalhes bibliográficos
Autor(a) principal: Araujo, Ricardo Azevedo
Data de Publicação: 2012
Outros Autores: Teixeira, Joanílio Rodolpho
Tipo de documento: Artigo
Idioma: por
Título da fonte: Estudos Econômicos (São Paulo)
Texto Completo: https://www.revistas.usp.br/ee/article/view/43629
Resumo: In this article the growth models of Feldman (1928) and Mahalanobis (1953) are extended to consider the analysis of decisions of investment allocation in the context of the Post-Keynesian Growth Model. By adopting this approach it is possible to introduce distributive features in the Feldman-Mahalanobis model that allows us to determine the rate of investment allocation according to the equilibrium decisions of investment and savings. Finally, an additional condition is added to the Post-Keynesian Growth Model in order to fully characterise the equilibrium path in an extended version of this framework, where capital goods are also needed to produce capital goods.
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spelling Decisions on investment allocation in the Post-Keynesian growth modelPost-Keynesian growth modelstructural changemulti-sector modelsModelo Pós-Keynesiano de crescimentomudança estruturalmodelos multisetoriaisIn this article the growth models of Feldman (1928) and Mahalanobis (1953) are extended to consider the analysis of decisions of investment allocation in the context of the Post-Keynesian Growth Model. By adopting this approach it is possible to introduce distributive features in the Feldman-Mahalanobis model that allows us to determine the rate of investment allocation according to the equilibrium decisions of investment and savings. Finally, an additional condition is added to the Post-Keynesian Growth Model in order to fully characterise the equilibrium path in an extended version of this framework, where capital goods are also needed to produce capital goods.Neste artigo os modelos de crescimento e alocação de investimento a la Feldman-Mahalanobis são estendidos para considerar a análise de decisões de alocação de investimento no contexto do modelo de crescimento Pós-Keynesiano. Ao adotar essa abordagem é possível introduzir características distributivas no modelo de Feldman Mahalanobis que nos permitem determinar a taxa de alocação de investimentos de acordo com as decisões de equilíbrio entre investimento e poupança. Finalmente, uma condição adicional é acrescida ao modelo de crescimento Pós-Keynesiano, a fim de caracterizar plenamente o caminho de equilíbrio em uma versão estendida deste, em que bens de capital também são necessários para produzir bens de capital.Universidade de São Paulo. Faculdade de Economia, Administração e Contabilidade2012-09-30info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://www.revistas.usp.br/ee/article/view/43629Estudos Econômicos (São Paulo); v. 42 n. 3 (2012); 615-6341980-53570101-4161reponame:Estudos Econômicos (São Paulo)instname:Universidade de São Paulo (USP)instacron:USPporhttps://www.revistas.usp.br/ee/article/view/43629/47251Copyright (c) 2012 icardo Azevedo Araujo, Joanílio Rodolpho Teixeirahttp://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccessAraujo, Ricardo AzevedoTeixeira, Joanílio Rodolpho2020-12-10T19:52:28Zoai:revistas.usp.br:article/43629Revistahttps://www.revistas.usp.br/eePUBhttps://www.revistas.usp.br/ee/oaiestudoseconomicos@usp.br||aldrighi@usp.br1980-53570101-4161opendoar:2020-12-10T19:52:28Estudos Econômicos (São Paulo) - Universidade de São Paulo (USP)false
dc.title.none.fl_str_mv Decisions on investment allocation in the Post-Keynesian growth model
title Decisions on investment allocation in the Post-Keynesian growth model
spellingShingle Decisions on investment allocation in the Post-Keynesian growth model
Araujo, Ricardo Azevedo
Post-Keynesian growth model
structural change
multi-sector models
Modelo Pós-Keynesiano de crescimento
mudança estrutural
modelos multisetoriais
title_short Decisions on investment allocation in the Post-Keynesian growth model
title_full Decisions on investment allocation in the Post-Keynesian growth model
title_fullStr Decisions on investment allocation in the Post-Keynesian growth model
title_full_unstemmed Decisions on investment allocation in the Post-Keynesian growth model
title_sort Decisions on investment allocation in the Post-Keynesian growth model
author Araujo, Ricardo Azevedo
author_facet Araujo, Ricardo Azevedo
Teixeira, Joanílio Rodolpho
author_role author
author2 Teixeira, Joanílio Rodolpho
author2_role author
dc.contributor.author.fl_str_mv Araujo, Ricardo Azevedo
Teixeira, Joanílio Rodolpho
dc.subject.por.fl_str_mv Post-Keynesian growth model
structural change
multi-sector models
Modelo Pós-Keynesiano de crescimento
mudança estrutural
modelos multisetoriais
topic Post-Keynesian growth model
structural change
multi-sector models
Modelo Pós-Keynesiano de crescimento
mudança estrutural
modelos multisetoriais
description In this article the growth models of Feldman (1928) and Mahalanobis (1953) are extended to consider the analysis of decisions of investment allocation in the context of the Post-Keynesian Growth Model. By adopting this approach it is possible to introduce distributive features in the Feldman-Mahalanobis model that allows us to determine the rate of investment allocation according to the equilibrium decisions of investment and savings. Finally, an additional condition is added to the Post-Keynesian Growth Model in order to fully characterise the equilibrium path in an extended version of this framework, where capital goods are also needed to produce capital goods.
publishDate 2012
dc.date.none.fl_str_mv 2012-09-30
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/43629
url https://www.revistas.usp.br/ee/article/view/43629
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://www.revistas.usp.br/ee/article/view/43629/47251
dc.rights.driver.fl_str_mv Copyright (c) 2012 icardo Azevedo Araujo, Joanílio Rodolpho Teixeira
http://creativecommons.org/licenses/by-nc/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2012 icardo 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. 42 n. 3 (2012); 615-634
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
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