A relação entre a distribuição funcional da renda e o crescimento econômico: uma breve síntese e análise econométrica de um conjunto de países da OCDE

Breno Nahuel Freneau () and Sérgio Fornazier Meyrelles Filho ()
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Breno Nahuel Freneau: FACE-UFG
Sérgio Fornazier Meyrelles Filho: FACE-UFG

No 62, Working papers - Textos para Discussao do Curso de Ciencias Economicas da UFG from Curso de Ciencias Economicas da Universidade Federal de Goias - FACE

Abstract: The purpose of this study is to investigate the effects of changes in income distribution on economic growth. First, the post-Keynesian economic approach, associated with this research program, is briefly discussed. Second, a model of income distribution and economic growth based on the proposition of Bhaduri and Marglin (1990) is presented. It leads to the conclusion that the demand regime may be wage-led, profit-led or intermediate, as determined by the system parameters. Third and last, an econometric study of a group of developed countries is carried out with the estimation of generalized least squares estimators. The empirical analysis suggests that all countries in the sample present wage-led demand regimes; that, on the one hand, Finland presents a wage-led accumulation regime and is, therefore, a wage-led economy; and that, on the other hand, France presents a profit-led accumulation regime and is, therefore, an intermediary economy.

Keywords: Income distribution; Economic growth; Demand and accumulation regimes (search for similar items in EconPapers)
Pages: 31 pages
Date: 2017-10
New Economics Papers: this item is included in nep-hme
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Persistent link: https://EconPapers.repec.org/RePEc:ufb:wpaper:062

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