Skip to main content

Growth and stability in a model with Pasinettian saving behaviour and neoclassical technology

Buy Article:

$43.00 plus tax (Refund Policy)

We analyse a Kaldor–Pasinetti two-class model of growth and distribution in which fiscal activity is explicitly introduced along the lines of Pasinetti (‘Ricardian Debt/Taxation Equivalence in the Kaldor Theory of Profits and Income Distribution’, Cambridge Journal of Economics, Vol. 13 (1989), pp. 25–36). Following the approach of Darity (‘A Simple Analytics of Neo-Ricardian Growth and Distribution’, American Economic Review, Vol. 71 (1981), pp. 978–993) the model is reduced to a dynamic system where the Cambridge equation is one of the possible steady-state solutions. The conditions for its local stability are studied and a numerical example is presented. The anti-dual case is more likely to occur in order to guarantee the local stability of the Cambridge equation.
No References
No Citations
No Supplementary Data
No Article Media
No Metrics

Document Type: Original Article

Affiliations: 1: University of Kent and University of Brasília, Brazil, 2: University of Brasília, Brazil

Publication date: 01 January 1999

  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more