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: Araujo,Ricardo Silva Azevedo, Teixeira,Joanílio Rodolpho
Format: Digital revista
Language:English
Published: Instituto de Economia da Universidade Federal do Rio de Janeiro 2010
Online Access:http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1415-98482010000300006
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spelling oai:scielo:S1415-984820100003000062011-03-14The Cambridge Equation with government activity revisitedAraujo,Ricardo Silva AzevedoTeixeira,Joanílio Rodolpho Kaldor-Pasinetti factor income distribution Cambridge Equation 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).info:eu-repo/semantics/openAccessInstituto de Economia da Universidade Federal do Rio de JaneiroRevista de Economia Contemporânea v.14 n.3 20102010-12-01info:eu-repo/semantics/articletext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S1415-98482010000300006en10.1590/S1415-98482010000300006
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region America del Sur
libraryname SciELO
language English
format Digital
author Araujo,Ricardo Silva Azevedo
Teixeira,Joanílio Rodolpho
spellingShingle Araujo,Ricardo Silva Azevedo
Teixeira,Joanílio Rodolpho
The Cambridge Equation with government activity revisited
author_facet Araujo,Ricardo Silva Azevedo
Teixeira,Joanílio Rodolpho
author_sort Araujo,Ricardo Silva Azevedo
title The Cambridge Equation with government activity revisited
title_short The Cambridge Equation with government activity revisited
title_full The Cambridge Equation with government activity revisited
title_fullStr The Cambridge Equation with government activity revisited
title_full_unstemmed The Cambridge Equation with government activity revisited
title_sort cambridge equation with government activity revisited
description 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).
publisher Instituto de Economia da Universidade Federal do Rio de Janeiro
publishDate 2010
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1415-98482010000300006
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