ENDOGENOUS TECHNOLOGICAL INNOVATION, CAPITAL ACCUMULATION AND DISTRIBUTIONAL DYNAMICS

Gilberto Tadeu Lima

61 citations0/0 files storedMetroeconomica

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Economic Theory and Policy Political Economy and Marxism Economic Growth and Productivity

Abstract

ABSTRACT This paper develops a post‐Keynesian dynamic model of accumulation, growth and distribution in which endogenous technological innovation plays a significant role. Firms’ rate of labour‐saving technological innovation is made to depend non‐linearly on the distributive (wage and profit) shares, with the latter determining both the incentives to innovate and the availability of funding to carry it out. As it turns out, the direction and the intensity of the effect of a change in distribution on the rates of accumulation and growth depend on the prevailing distribution, with a similar dependence applying—alongside the relative bargaining power of capitalists and workers—to the dynamic stability properties of the system. Hence, the model does not rely on full capacity utilization being reached for a change in the accumulation and growth regime to take place.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 61 citations exist upstream.

References

2003The Theory of Economic Development 1983An Evolutionary Theory of Economic Change.1997Capitalism, Socialism and Democracy 1983An Evolutionary Theory of Economic Change 1962The Economic Implications of Learning by Doing 1971The Economic Implications of Learning by Doing 2012The Economics of Industrial Innovation 1957A Model of Economic Growth

Cited by

2012Cyclical growth in a Goodwin–Kalecki–Marx model 2012"Financialization," distribution, capital accumulation, and productivity growth in a post-Kaleckian model 2006Debt, financial fragility, and economic growth: a Post Keynesian macromodel 2016Exchange Rate, Income Distribution and Technical Change in a Balance-of-Payments Constrained Growth Model 2009Endogenous technological change, income distribution, and unemployment with inter-class conflict 2007Technology gap, real wages, and learning in a balance-of-payments---constrained growth model

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.