Do demand and profitability stimulate capital accumulation? An analysis for Brazil

This article tests whether the profit share of gdp and capacity utilization affect capital accumulation in Brazil in the period 1950-2008 (in the sense of Granger causality). The methodology developed by Toda and Yamamoto (1995) is used to verify the Granger non-causality hypothesis. The results sho...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autor principal:	Morrone, Henrique
Formato:	Texto
Lenguaje:	English
Publicado:	2015
Materias:	DESARROLLO ECONOMICO FORMACION DE CAPITAL CRECIMIENTO ECONOMICO MODELOS ECONOMETRICOS ECONOMIC DEVELOPMENT CAPITAL FORMATION ECONOMIC GROWTH ECONOMETRIC MODELS
Acceso en línea:	http://hdl.handle.net/11362/39618
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai-11362-39618
record_format	dspace
spelling	oai-11362-396182020-03-06T16:50:27Z Do demand and profitability stimulate capital accumulation? An analysis for Brazil Morrone, Henrique DESARROLLO ECONOMICO FORMACION DE CAPITAL CRECIMIENTO ECONOMICO MODELOS ECONOMETRICOS ECONOMIC DEVELOPMENT CAPITAL FORMATION ECONOMIC GROWTH ECONOMETRIC MODELS This article tests whether the profit share of gdp and capacity utilization affect capital accumulation in Brazil in the period 1950-2008 (in the sense of Granger causality). The methodology developed by Toda and Yamamoto (1995) is used to verify the Granger non-causality hypothesis. The results show that capacity utilization “Granger-causes” capital accumulation in the Brazilian economy and, also that the profit share of gdp does not “Granger-cause” the national investment-capital ratio. This corroborates the Kaleckian proposal based on the fundamental role of the accelerator, and suggests that the Brazilian economy can grow with either a concentration or a de-concentration of income, provided a suitable institutional arrangement is in place. 2015-12-22T12:32:41Z 2015-12-22T12:32:41Z 2015-08 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/39618 LC/G.2643-P 9 en CEPAL Review CEPAL Review 116 .pdf application/pdf BRASIL BRAZIL
institution	Cepal
collection	Cepal
language	English
topic	DESARROLLO ECONOMICO FORMACION DE CAPITAL CRECIMIENTO ECONOMICO MODELOS ECONOMETRICOS ECONOMIC DEVELOPMENT CAPITAL FORMATION ECONOMIC GROWTH ECONOMETRIC MODELS
spellingShingle	DESARROLLO ECONOMICO FORMACION DE CAPITAL CRECIMIENTO ECONOMICO MODELOS ECONOMETRICOS ECONOMIC DEVELOPMENT CAPITAL FORMATION ECONOMIC GROWTH ECONOMETRIC MODELS Morrone, Henrique Do demand and profitability stimulate capital accumulation? An analysis for Brazil
description	This article tests whether the profit share of gdp and capacity utilization affect capital accumulation in Brazil in the period 1950-2008 (in the sense of Granger causality). The methodology developed by Toda and Yamamoto (1995) is used to verify the Granger non-causality hypothesis. The results show that capacity utilization “Granger-causes” capital accumulation in the Brazilian economy and, also that the profit share of gdp does not “Granger-cause” the national investment-capital ratio. This corroborates the Kaleckian proposal based on the fundamental role of the accelerator, and suggests that the Brazilian economy can grow with either a concentration or a de-concentration of income, provided a suitable institutional arrangement is in place.
format	Texto
author	Morrone, Henrique
author_facet	Morrone, Henrique
author_sort	Morrone, Henrique
title	Do demand and profitability stimulate capital accumulation? An analysis for Brazil
title_short	Do demand and profitability stimulate capital accumulation? An analysis for Brazil
title_full	Do demand and profitability stimulate capital accumulation? An analysis for Brazil
title_fullStr	Do demand and profitability stimulate capital accumulation? An analysis for Brazil
title_full_unstemmed	Do demand and profitability stimulate capital accumulation? An analysis for Brazil
title_sort	do demand and profitability stimulate capital accumulation? an analysis for brazil
publishDate	2015
url	http://hdl.handle.net/11362/39618
work_keys_str_mv	AT morronehenrique dodemandandprofitabilitystimulatecapitalaccumulationananalysisforbrazil
_version_	1718434940086910976

Do demand and profitability stimulate capital accumulation? An analysis for Brazil

Ejemplares similares