A Multi-Sector Version of the Post-Keynesian Growth Model

Ricardo Araujo and Joanílio Teixeira ()

No 330, Working papers - Textos para Discussao do Departamento de Economia da Universidade de Brasilia from Departamento de Economia da Universidade de Brasilia

Abstract: With this inquiry we seek to develop a disaggregated version of the post-Keynesian approach to economic growth, by showing that indeed it can be treated as a particular case of the Pasinettian model of structural change and economic expansion. By relying upon vertical integration becomes possible to carry out the analysis initiated by Kaldor (1956) and Robinson (1956, 1962), and followed by Dutt (1984), Rowthorn (1982) and later Bhaduri and Marglin (1990) in a multi-sectoral model in which demand and productivity increase at different rates in each sector. By adopting this approach it is possible to show that the structural economic dynamics is conditioned not only to patterns of evolution of demand and diffusion of technological progress but also to the distributive features of the economy that can give rise to different regimes of economic growth. Besides we find it possible to determine the natural rate of profit that makes the mark-up rate to be constant over time.

Keywords: Post-Keynesian growth model; structural change; multi-sector models (search for similar items in EconPapers)
JEL-codes: E21 O11 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2010-11
New Economics Papers: this item is included in nep-fdg, nep-mac, nep-mic and nep-pke
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://e-groups.unb.br/face/eco/textos/didaticos/WP%20330.pdf First version, 2010 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to e-groups.unb.br:80 (No such host is known. )

Related works:
Working Paper: A multi-sector version of the Post-Keynesian growth model (2011)
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:brs:wpaper:330

Access Statistics for this paper

More papers in Working papers - Textos para Discussao do Departamento de Economia da Universidade de Brasilia from Departamento de Economia da Universidade de Brasilia Universidade de Brasília UnB - Campus Universitário Darcy Ribeiro Asa Norte CEP 70910-900, Brasília, Brasil. Contact information at EDIRC.
Bibliographic data for series maintained by Luciano Póvoa ( this e-mail address is bad, please contact ).