Distribution and demand in Brazil: empirical evidence from the structural and aggregative approaches

Felipe Orsolin Teixeira, Fabricio Missio and Ricardo Dathein

Journal of Post Keynesian Economics, 2022, vol. 45, issue 4, 581-611

Abstract: This paper examines the relationship between functional income distribution, aggregate demand and capacity utilization for the Brazilian economy between 2000 and 2015. Therefore, we take on two different theoretical perspectives in the empirical exercises: (i) under the structural perspective, we analyze the effects of the wage share on the components of aggregate demand; and (ii) from an aggregative perspective, we evaluated the cyclical relationship between the demand curve and the distribution curve. The results differ according to the theoretical view: the first approach indicated that aggregate demand assumed a wage-led pattern with negative effects on investment (conflicting-stagnationism), while the second one showed a profit-squeeze distribution regime.

Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/01603477.2022.2103826 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:postke:v:45:y:2022:i:4:p:581-611

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MPKE20

DOI: 10.1080/01603477.2022.2103826

Access Statistics for this article

More articles in Journal of Post Keynesian Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().