SciELO journals
Browse
1/1
3 files

Strong accelerator and concavity of the consumption function in neokaleckian models: rediscussing the wage-led growth

dataset
posted on 2020-03-11, 02:47 authored by Vivian Garrido Moreira

Abstract This essay proposes an alternative for generalization, under certain conditions, of the concept of strong accelerator, in the sense given by Bhaduri and Marglin (1988 and 1990) model, using a concave consumption function. Based on this, it demonstrates that the possibility of a wage-led growth becomes very probable and no more an eventual case. Symmetrically, it makes improbable the possibility of occurrence of profit squeeze. The text also analyses critically the Bhaduri and Marglin canonical model, presenting questions about its clarity as a source of criticism of a range of neokaleckians growth models that have been published previously.

History

Usage metrics

    Nova Economia

    Categories

    Licence

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC