The Cambridge Equation with government activity revisited
This paper offers an analysis of the steady-state distributional features found in a Kaldor-Pasinetti process, in which the government sector is allowed to run persistent deficits that may be financed through different instruments. Productive capital and bonds generate single rates of return, while workers' saving propensity remains uniform. This paper seeks to establish a generalization of Cambridge Eauqtion, considering the specific contributions of Steedman (1972), Pasinetti (1989), Dalziel (1991), and Faria (2000).
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| Main Authors: | , |
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| Format: | Digital revista |
| Language: | English |
| Published: |
Instituto de Economia da Universidade Federal do Rio de Janeiro
2010
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| Online Access: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1415-98482010000300006 |
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