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It is developed a macrodynamic model of distribution, capital accumulation and growth in which investment is non-linear in distribution: at low (high) levels of wage share, the impact of a higher profit share on investment is negative (positive). This specification conforms with some of the...
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It is developed a mathematical post-keynesian macromodel of capacity utilization and growth in which the supply of credit-money is endogenous and firms' debt position - and thus the financial fragility of the economy - is explicitly modeled. Both the influence of interest rate and indebtedness...
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The aim of this paper is to identify the Brazilian industrial cores and peripheries. The study is based on two sets of data: the first describes 35600 industrial firms, and the second has information on the economic, social and urban structure of 5507 cities (2000). The conclusions are: (1) 84%...
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