THE CAMBRIDGE EQUATION WITH GOVERNMENT ACTIVITY REVISITED // A EQUAÇÃO DE CAMBRIDGE COM ATIVIDADE GOVERNAMENTAL REVISITADA

Authors

  • Ricardo Silva Azevedo Araujo UnB
  • Joanílio Rodolpho Teixeira UnB

Keywords:

Kaldor-Pasinetti, Factor income distribution, Cambridge Equation // Kaldor-Pasinetti, Distribuição de renda, Equação de Cambridge

Abstract

ABSTRACT: This paper offers an analysis of steady-state distributional features found in a Kaldor-Pasinetti process in which the government sector is allowed to run persistent deficits, and that could be financed through different instruments. Productive capital and bonds generate single rates of return, while the workers’ saving propensity remains uniform. The paper seeks to establish a generalization upon some specific contributions of Steedman (1972), Pasinetti (1989), Dalziel (1991) and Faria (2000).

RESUMO: Neste artigo faz-se uma análise das características distributivas do processo Kaldor-Pasinetti assumindo-se que o setor governamental incorre em persistentes déficits, que podem ser financiados através de diferentes instrumentos, como a emissão de títulos e de moeda. Através dessa abordagem é possível estudar como a atividade governamental afeta a distribuição de renda entre capitalistas e trabalhadores e assim obter generalizações do Teorema de Cambridge em que versões anteriores como as de Steedman (1972), Pasinetti (1989), Dalziel (1991) e Faria (2000) surgem como casos particulares.
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Published

2019-11-07

Issue

Rev. Econ. Contemp., v. 14, n .3, set./dez. 2010

Section

Artigos

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