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

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 possib...

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Autores principales:	Ricardo Silva Azevedo Araujo, Joanílio Rodolpho Teixeira
Formato:	article
Lenguaje:	EN PT
Publicado:	Universidade de São Paulo 2015
Materias:	Post-Keynesian growth model structural change multi-sector models Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/d983d4c9ea4b4a778599a3eda08be1ce
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id	oai:doaj.org-article:d983d4c9ea4b4a778599a3eda08be1ce
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spelling	oai:doaj.org-article:d983d4c9ea4b4a778599a3eda08be1ce2021-11-24T16:03:40ZA multi-sector version of the post-keynesian growth model0101-41611980-5357https://doaj.org/article/d983d4c9ea4b4a778599a3eda08be1ce2015-03-01T00:00:00Zhttps://www.revistas.usp.br/ee/article/view/49526https://doaj.org/toc/0101-4161https://doaj.org/toc/1980-5357 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. Ricardo Silva Azevedo AraujoJoanílio Rodolpho TeixeiraUniversidade de São PauloarticlePost-Keynesian growth modelstructural changemulti-sector modelsEconomics as a scienceHB71-74ENPTEstudos Econômicos, Vol 45, Iss 1 (2015)
institution	DOAJ
collection	DOAJ
language	EN PT
topic	Post-Keynesian growth model structural change multi-sector models Economics as a science HB71-74
spellingShingle	Post-Keynesian growth model structural change multi-sector models Economics as a science HB71-74 Ricardo Silva Azevedo Araujo Joanílio Rodolpho Teixeira A multi-sector version of the post-keynesian growth model
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.
format	article
author	Ricardo Silva Azevedo Araujo Joanílio Rodolpho Teixeira
author_facet	Ricardo Silva Azevedo Araujo Joanílio Rodolpho Teixeira
author_sort	Ricardo Silva Azevedo Araujo
title	A multi-sector version of the post-keynesian growth model
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	multi-sector version of the post-keynesian growth model
publisher	Universidade de São Paulo
publishDate	2015
url	https://doaj.org/article/d983d4c9ea4b4a778599a3eda08be1ce
work_keys_str_mv	AT ricardosilvaazevedoaraujo amultisectorversionofthepostkeynesiangrowthmodel AT joaniliorodolphoteixeira amultisectorversionofthepostkeynesiangrowthmodel AT ricardosilvaazevedoaraujo multisectorversionofthepostkeynesiangrowthmodel AT joaniliorodolphoteixeira multisectorversionofthepostkeynesiangrowthmodel
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A multi-sector version of the post-keynesian growth model

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