Productive Structure in the Neo-Kaleckian Model of Growth and Distribution: Simulations to the Brazilian Economy

Spinola, Danilo (2017) Productive Structure in the Neo-Kaleckian Model of Growth and Distribution: Simulations to the Brazilian Economy. In: The New Brazilian Economy. Springer, New York, pp. 273-288. ISBN 9781137462978

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Abstract

This chapter has as its main objective to analyze the relationship between structural change, exchange rate devaluation, growth and income distribution in Brazil. The neo-Kaleckian model of growth and distribution as designed by Cimoli et al. (2016) is simulated to the short run, where there are no restrictions to deficits on the balance of payments. This is a post-Keynesian model with Schumpeterian and Latin American structuralist ideas. The shocks in the model are made in order to understand impacts of structural change, wage level increases, and exchange rate devaluations in the Brazilian economy. To accomplish these objectives, the model is calibrated in this chapter using real data for 2011. The results indicate the dynamics of the neo-Kaleckian model and lead to an analysis of possible impacts of changes in the productive sector on growth and income distribution in Brazil.

Item Type: Book Section
Identification Number: https://doi.org/10.1057/978-1-137-46297-8_13
Date: 18 November 2017
Uncontrolled Keywords: Exchange Rate, Income Distribution, Real Exchange Rate, Capital Goods, Capacity Utilization
Subjects: L100 Economics
Divisions: Faculty of Business, Law and Social Sciences > Birmingham City Business School > Department of Accounting, Finance and Economics
Faculty of Business, Law and Social Sciences > Birmingham City Business School > Centre for Applied Finance and Economics
Depositing User: Danilo Sartorello Spinola
Date Deposited: 27 Jan 2021 11:31
Last Modified: 27 Jan 2021 11:31
URI: http://www.open-access.bcu.ac.uk/id/eprint/10814

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