The present article looks into a general concept of “institution” in accordance with a wide range of economic theories that may be qualified as institutionalist. The orthodox and heterodox institutionalist economic theories are presented from a viewpoint compatible with this general concept,...

O artigo tem dois objetivos: por um lado, elabora-se, à luz da Hipótese de Fragilidade Financeira de Hyman Minsky, um Índice de Fragilidade Financeira para a estrutura financeira do setor público; por outro, analisa-se, a partir do referencial elaborado, a referida estrutura financeira para...

Neste artigo, apresentamos um modelo macroeconômico kaleckiano no qual o mercado de trabalho é analisado por meio do conceito de equilíbrio estatístico. No modelo o gasto autônomo parametriza as distribuições estatísticas de trabalhadores e firmas e o markup apresenta um comportamento...

The aim of this paper is to analyze the relationship between institutions, income distribution and growth in post-Keynesian tradition. Therefore, we developed a model that seeks to illustrate the way in which income distribution affects economic growth. Furthermore, we aim to show that the...

The aim of this paper is to show that concepts such as growth regime, external constraints and financialization, which are very common in many post Keynesian studies on growth, are compatible and complementary, but the conciliation among them requires the use of some concepts of French...

The theoretical and empirical international trade literature suggests that there is long-term valuation/devaluation of the real exchange rate in the developed/undeveloped economies. We argue that the real exchange rate is affected by: i) intercountry differentials of the services sector...

The objective of this article is to present the structure and the first computational simulations of a one-sector macrodynamic model that imbed some elements of the post- keynesian theoretical framework. The theoretical elements embed in the model are: i) determination of the level of output by...

The objective of this article is to present the structure and the first computational simulations of a two sector macrodynamic model that embed some elements of the post-keynesian theoretical framework. The theoretical elements embed in the model are: i) determination of the level of output by...

The theory of unequal development is set to inquire why some countries and/or regions grow more than others. In the attempt to solve this problem, scholars have not explicitly considered money as an important factor in such a scenario. However, in accordance with a post-Keynesian approach, money...

Using Thirwall´s model, we can conclude that the restriction of the balance of payments was crucial in the determination of the Brazilian economic growth in the period 1947-2000. The estimated income elasticity of the demand for imported products, based on the extended Thirwall´s model, was...