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Progresso tecnológico, distribuição de renda e utilização da capacidade produtiva

Author

Listed:
  • Fabio Hideki Ono

    (UFPR)

  • José Luís Oreiro

    (UFPR)

Abstract

The paper presents a post-keynesian growth model in which (i) the mark-up rate varies in the long-term due to a misalignment between the actual rate and the 'anticipated' profit rate; and (ii) the capital-output ratio is not necessarily constant, on the contrary, it may shift as a result of the technical progress, which, according the Harrod’s typology, can be neutral, capital saving or capital intensive. We demonstrate that the economic stability is only reached if the technical progress is neutral or capital intensive and the investiment is susceptible to fluctuations in the mark-up rate. After undergoing computer simulations, we noticed that an endogenous transition from a wage-led to a profit-led accumulation regime is feasible. Furthermore, we detected a tendency to the stabilization of the profit rate, conditioned to a high savings out of profits ratio.

Suggested Citation

  • Fabio Hideki Ono & José Luís Oreiro, 2004. "Progresso tecnológico, distribuição de renda e utilização da capacidade produtiva," Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 5(1), pages 35-66, January-J.
    • Handle: RePEc:anp:econom:v:5:y:2004:i:1:p:35-66
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    More about this item

    Keywords

    Economic development; technical progress; capitalism;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other

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