Determinants of capital accumulation in Latin America

被引：0

作者：

Haber, Jeruza ^{[1
]}

Bornacki de Mattos, Leonardo ^{[2
]}

Dias de Carvalho, Luciano ^{[1
]}

机构：

[1] Univ Fed Vicosa, Dept Econ, Vicosa, MG, Brazil

[2] Univ Fed Vicosa, Dept Econ Rural, Vicosa, MG, Brazil

来源：

CEPAL REVIEW | 2022年 / 136期

关键词：

Capital; capital formation; exchange rates; public debt; gross domestic product; income distribution; economic growth; econometric models; Latin America; REAL EXCHANGE-RATE; INCOME-DISTRIBUTION; PANEL-DATA; GROWTH;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The theoretical model of Bhaduri and Marglin (1990) is one of the most discussed works regarding capital accumulation and functional income distribution. However, their analysis does not include the effects of an economy with government. The objective here is to find the existing relationships between capital accumulation, the real exchange rate and the relationship between public debt and GDP, based on a modified version of the model. The results of the theoretical model showed that the increase in the ratio of public debt to GDP contributes to a regime of conflict between capitalists and workers. The empirical results for a group of Latin American countries were consistent. Further depreciation of the real exchange rate exerts a positive influence on capital accumulation. On the other hand, an increase in the debt-to-GDP ratio has a negative influence.

引用

页码：7 / 26

页数：20

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