Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/179630 
Year of Publication: 
2016
Citation: 
[Journal:] EconomiA [ISSN:] 1517-7580 [Volume:] 17 [Issue:] 3 [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2016 [Pages:] 324-339
Publisher: 
Elsevier, Amsterdam
Abstract: 
The paper builds a non-linear macrodynamic model to study the relation between the functional distribution of income, technological progress and economic growth. In the short-term, the interaction between the productivity regime, the demand regime and the distributive conflict generates cyclical paths a la Goodwin. In the long-term, output growth rate is constrained by the balance of payments a la Thirlwall, in which the elasticities of foreign trade are modeled as a function of the complex relation between the wage-share and the innovation capabilities of theeconomy.
Abstract (Translated): 
O artigo constrói um modelo dinâmico não-linear para estudar a relação entre a distribuição funcional da renda, o progresso técnico e o crescimento econômico. No curto prazo, a interação entre o regime de produtividade, o regime de demanda e o conflito distributivo gera trajetórias cíclicas a la Goodwin. No longo prazo, o crescimento do produto é restrito pelo balanço de pagamentos a la Thirlwall, em que as elasticidades de comércio exterior são modeladas pela complexa relação entre o wage-share e a capacidade inovativa da economia.
Subjects: 
Cyclical growth
Goodwin cycles
Distributive cycles
Thirlwall's law
Balance of payments constraint
JEL: 
E12
E32
O11
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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