Affiliation:
1. University of Brasília
Abstract
This paper offers an analysis of the steady-state distributional features found in a Kaldor-Pasinetti process, in which the government sector is allowed to run persistent deficits that may be financed through different instruments. Productive capital and bonds generate single rates of return, while workers' saving propensity remains uniform. This paper seeks to establish a generalization of Cambridge Eauqtion, considering the specific contributions of Steedman (1972), Pasinetti (1989), Dalziel (1991), and Faria (2000).
Subject
General Economics, Econometrics and Finance
Reference26 articles.
1. The government sector in Kaldor-Pasinetti models of growth and income distribution;ARAUJO J.;Journal of Post-Keynesian Economics,1992
2. Notes on the Cambridge Equation;BORTIS H.;Journal of Post-Keynesian Economics,1993
3. Inside debt, aggregate demand and the Cambridge Theory of Distribution: a note;COMMENDATORE P.;Cambridge Journal of Economics,2002
4. A generalisation and simplification of the Cambridge Theorem with budget deficits;DALZIEL P.;Cambridge Journal of Economics,1991
5. Does government activity invalidate the Cambridge Theorem?: a reconciliation;DALZIEL P.;Journal of Post-Keynesian Economics,1992
Cited by
2 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献