Distribution and demand in Brazil: empirical evidence from the structural and aggregative approaches

IF 0.6 3区 经济学 Q4 ECONOMICS Journal of Post Keynesian Economics Pub Date : 2022-07-28 DOI:10.1080/01603477.2022.2103826
Felipe Orsolin Teixeira, Fabrício José Missio, Ricardo Dathein
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引用次数: 2

Abstract

Abstract This paper examines the relationship between functional income distribution, aggregate demand and capacity utilization for the Brazilian economy between 2000 and 2015. Therefore, we take on two different theoretical perspectives in the empirical exercises: (i) under the structural perspective, we analyze the effects of the wage share on the components of aggregate demand; and (ii) from an aggregative perspective, we evaluated the cyclical relationship between the demand curve and the distribution curve. The results differ according to the theoretical view: the first approach indicated that aggregate demand assumed a wage-led pattern with negative effects on investment (conflicting-stagnationism), while the second one showed a profit-squeeze distribution regime.
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巴西的分配和需求:来自结构和综合方法的经验证据
摘要本文考察了2000年至2015年间巴西经济的功能性收入分配、总需求和产能利用之间的关系。因此,我们在实证中采用了两种不同的理论视角:(i)在结构视角下,我们分析了工资份额对总需求组成部分的影响;(ii)从综合的角度,我们评估了需求曲线和分布曲线之间的周期关系。根据理论观点,结果各不相同:第一种方法表明,总需求呈现工资主导模式,对投资产生负面影响(冲突的阶段主义),而第二种方法则呈现利润挤压分配制度。
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来源期刊
CiteScore
1.70
自引率
10.00%
发文量
23
期刊介绍: The Journal of Post Keynesian Economics is a scholarly journal of innovative theoretical and empirical work that sheds fresh light on contemporary economic problems. It is committed to the principle that cumulative development of economic theory is only possible when the theory is continuously subjected to scrutiny in terms of its ability both to explain the real world and to provide a reliable guide to public policy.
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