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Cycles et croissance: une approche néo-kaldorienne

Richard Arena and Alain Raybaut ()

Revue Économique, 1995, vol. 46, issue 6, 1433-1444

Abstract: [eng] In this paper, an endogenous growth model which belongs to the tradition of Kalecki, Kaldor and Goodwin is developed. Such an approach appears to be particularly fruitful in order to explore the impact on growth paths of financial constraints undergone by the firms It appears that the ratio between capital and debt commitments affects the pace of investment and explains jointly with increasing returns and embodied technical pro gress me emergence of endogenous cyclical growth paths. [fre] Dans cet article, nous développons un modèle de croissance qui s'inscrit dans la tradition de pensée initiée par Kalecki, Kaldor et Goodwin. Cette approche se révèle particulièrement fructueuse pour analyser l'impact sur la stabilité des sentiers de croissance, de l'existence de contraintes de financement. Il apparaît que le ratio entre les dettes et les fonds propres affecte la dynamique de l'investisse­ment et explique conjointement au progrès technique incorporé et à la présence de rendements d'échelle croissants l'émergence de sentiers de croissance cyclique.

Date: 1995
Note: DOI:10.3406/reco.1995.409743
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Handle: RePEc:prs:reveco:reco_0035-2764_1995_num_46_6_409743