Serviços Personalizados
Journal
Artigo
Indicadores
Citado por SciELO
Acessos
Links relacionados
Similares em SciELO
Compartilhar
Problemas del desarrollo
versão impressa ISSN 0301-7036
Resumo
VELAZQUEZ ORIHUELA, Daniel. A neo-kaleckian explanation of the bidirectional relationship between growth and distribution. Prob. Des [online]. 2022, vol.53, n.211, pp.107-132. Epub 24-Abr-2023. ISSN 0301-7036. https://doi.org/10.22201/iiec.20078951e.2022.211.69875.
A neo-kaleckian model is proposed to analyze the bidirectional relationship between growth and income distribution. To do this, the price equation of Kalecki (1971) is modified and the model of Bhaduri and Marglin (1990) is extended. If the growth is wage-led, then the income path is shown to be cyclical. In contrast, if it is profit-driven, it is sustained. In this last scenario, income is concentrated in profits because the profit rate is higher than the growth rate. Finally, it is argued that if the state redistributes income in a greater amount than the market concentrates it, wage-led growth can be sustained.
Palavras-chave : neo-kaleckian; growth; distribution; wage-led growth; earnings-led growth.