Distribution and Growth in Open Economies: A Post-kaleckian Explanation
In this paper the framework proposed by Velázquez (2022) is expanded to analyze the bidirectional relationship between the economic growth and the functional income distribution in open economies. Two exchange regimes are analyzed: the fixed and floating exchange rates. It is shown that if growth is...
- Autores:
- Tipo de recurso:
- http://purl.org/coar/resource_type/c_6668
- Fecha de publicación:
- 2023
- Institución:
- Universidad Pedagógica y Tecnológica de Colombia
- Repositorio:
- RiUPTC: Repositorio Institucional UPTC
- Idioma:
- spa
- OAI Identifier:
- oai:repositorio.uptc.edu.co:001/12085
- Acceso en línea:
- https://revistas.uptc.edu.co/index.php/cenes/article/view/15127
https://repositorio.uptc.edu.co/handle/001/12085
- Palabra clave:
- Post-Kaleckian
growth
distribution
wage-led growth
profit-led growth
Post-kaleckiano
crecimiento
distribución
crecimiento guiado por salarios
crecimiento guiado por ganancias
- Rights
- License
- Copyright (c) 2023 Daniel Velázquez Orihuela
| id |
REPOUPTC2_a795d2194335025b1fa2adfc96d8d700 |
|---|---|
| oai_identifier_str |
oai:repositorio.uptc.edu.co:001/12085 |
| network_acronym_str |
REPOUPTC2 |
| network_name_str |
RiUPTC: Repositorio Institucional UPTC |
| repository_id_str |
|
| spelling |
2023-03-232024-07-05T18:44:55Z2024-07-05T18:44:55Zhttps://revistas.uptc.edu.co/index.php/cenes/article/view/1512710.19053/01203053.v42.n75.2023.15127https://repositorio.uptc.edu.co/handle/001/12085In this paper the framework proposed by Velázquez (2022) is expanded to analyze the bidirectional relationship between the economic growth and the functional income distribution in open economies. Two exchange regimes are analyzed: the fixed and floating exchange rates. It is shown that if growth is led by wage, growth and distribution paths are cyclic, regardless the exchange rate policies. On the other hand, if growth is led by profits and the exchange rate is flexible, then growth is steady and the profit sharing goes upwards. However, if in this scenario there is a fix exchange rate, the growth and distribution paths are cyclic.En este artículo se amplía el esquema analítico propuesto en Velázquez (2022) para analizar la relación bidireccional entre crecimiento económico y distribución funcional del ingreso en economías abiertas. Se argumenta que la distribución del ingreso es un proceso endógeno, es decir, la acumulación la determina, pero aquella condiciona a la acumulación. Se analizan dos regímenes cambiarios: tipo de cambio fijo y flexible. Se muestra que, si el crecimiento es guiado por salarios, las trayectorias de crecimiento y distribución son cíclicas, sin importar el régimen cambiario. Por otra parte, si el crecimiento es guiado por ganancias y el tipo de cambio es flexible, entonces el crecimiento es sostenido y la participación de las ganancias en el ingreso es creciente. Sin embargo, si en este escenario el tipo de cambio es fijo, entonces el crecimiento y la distribución son cíclicas.application/pdftext/xmlspaspaUniversidad Pedagógica y Tecnológica de Colombiahttps://revistas.uptc.edu.co/index.php/cenes/article/view/15127/12733https://revistas.uptc.edu.co/index.php/cenes/article/view/15127/13857Copyright (c) 2023 Daniel Velázquez Orihuelahttp://creativecommons.org/licenses/by-nc-sa/4.0http://purl.org/coar/access_right/c_abf169http://purl.org/coar/access_right/c_abf2Apuntes del Cenes; Vol. 42 No. 75 (2023); 17-43Apuntes del Cenes; Vol. 42 Núm. 75 (2023); 17-432256-57790120-3053Post-Kaleckiangrowthdistributionwage-led growthprofit-led growthPost-kaleckianocrecimientodistribucióncrecimiento guiado por salarioscrecimiento guiado por gananciasDistribution and Growth in Open Economies: A Post-kaleckian ExplanationDistribución y crecimiento en economías abiertas: una explicación pos-kaleckianainfo:eu-repo/semantics/articlePeer reviewed Articlehttp://purl.org/coar/resource_type/c_6668http://purl.org/coar/resource_type/c_2df8fbb1info:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a252http://purl.org/coar/version/c_970fb48d4fbd8a85Velázquez Orihuela, Daniel001/12085oai:repositorio.uptc.edu.co:001/120852025-07-18 12:13:26.082metadata.onlyhttps://repositorio.uptc.edu.coRepositorio Institucional UPTCrepositorio.uptc@uptc.edu.co |
| dc.title.en-US.fl_str_mv |
Distribution and Growth in Open Economies: A Post-kaleckian Explanation |
| dc.title.es-ES.fl_str_mv |
Distribución y crecimiento en economías abiertas: una explicación pos-kaleckiana |
| title |
Distribution and Growth in Open Economies: A Post-kaleckian Explanation |
| spellingShingle |
Distribution and Growth in Open Economies: A Post-kaleckian Explanation Post-Kaleckian growth distribution wage-led growth profit-led growth Post-kaleckiano crecimiento distribución crecimiento guiado por salarios crecimiento guiado por ganancias |
| title_short |
Distribution and Growth in Open Economies: A Post-kaleckian Explanation |
| title_full |
Distribution and Growth in Open Economies: A Post-kaleckian Explanation |
| title_fullStr |
Distribution and Growth in Open Economies: A Post-kaleckian Explanation |
| title_full_unstemmed |
Distribution and Growth in Open Economies: A Post-kaleckian Explanation |
| title_sort |
Distribution and Growth in Open Economies: A Post-kaleckian Explanation |
| dc.subject.en-US.fl_str_mv |
Post-Kaleckian growth distribution wage-led growth profit-led growth |
| topic |
Post-Kaleckian growth distribution wage-led growth profit-led growth Post-kaleckiano crecimiento distribución crecimiento guiado por salarios crecimiento guiado por ganancias |
| dc.subject.es-ES.fl_str_mv |
Post-kaleckiano crecimiento distribución crecimiento guiado por salarios crecimiento guiado por ganancias |
| description |
In this paper the framework proposed by Velázquez (2022) is expanded to analyze the bidirectional relationship between the economic growth and the functional income distribution in open economies. Two exchange regimes are analyzed: the fixed and floating exchange rates. It is shown that if growth is led by wage, growth and distribution paths are cyclic, regardless the exchange rate policies. On the other hand, if growth is led by profits and the exchange rate is flexible, then growth is steady and the profit sharing goes upwards. However, if in this scenario there is a fix exchange rate, the growth and distribution paths are cyclic. |
| publishDate |
2023 |
| dc.date.accessioned.none.fl_str_mv |
2024-07-05T18:44:55Z |
| dc.date.available.none.fl_str_mv |
2024-07-05T18:44:55Z |
| dc.date.none.fl_str_mv |
2023-03-23 |
| dc.type.none.fl_str_mv |
info:eu-repo/semantics/article |
| dc.type.en-US.fl_str_mv |
Peer reviewed Article |
| dc.type.coar.fl_str_mv |
http://purl.org/coar/resource_type/c_2df8fbb1 |
| dc.type.coarversion.fl_str_mv |
http://purl.org/coar/version/c_970fb48d4fbd8a85 |
| dc.type.coar.spa.fl_str_mv |
http://purl.org/coar/resource_type/c_6668 |
| dc.type.version.spa.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
| dc.type.coarversion.spa.fl_str_mv |
http://purl.org/coar/version/c_970fb48d4fbd8a252 |
| format |
http://purl.org/coar/resource_type/c_6668 |
| status_str |
publishedVersion |
| dc.identifier.none.fl_str_mv |
https://revistas.uptc.edu.co/index.php/cenes/article/view/15127 10.19053/01203053.v42.n75.2023.15127 |
| dc.identifier.uri.none.fl_str_mv |
https://repositorio.uptc.edu.co/handle/001/12085 |
| url |
https://revistas.uptc.edu.co/index.php/cenes/article/view/15127 https://repositorio.uptc.edu.co/handle/001/12085 |
| identifier_str_mv |
10.19053/01203053.v42.n75.2023.15127 |
| dc.language.none.fl_str_mv |
spa |
| dc.language.iso.spa.fl_str_mv |
spa |
| language |
spa |
| dc.relation.none.fl_str_mv |
https://revistas.uptc.edu.co/index.php/cenes/article/view/15127/12733 https://revistas.uptc.edu.co/index.php/cenes/article/view/15127/13857 |
| dc.rights.en-US.fl_str_mv |
Copyright (c) 2023 Daniel Velázquez Orihuela http://creativecommons.org/licenses/by-nc-sa/4.0 |
| dc.rights.coar.fl_str_mv |
http://purl.org/coar/access_right/c_abf2 |
| dc.rights.coar.spa.fl_str_mv |
http://purl.org/coar/access_right/c_abf169 |
| rights_invalid_str_mv |
Copyright (c) 2023 Daniel Velázquez Orihuela http://creativecommons.org/licenses/by-nc-sa/4.0 http://purl.org/coar/access_right/c_abf169 http://purl.org/coar/access_right/c_abf2 |
| dc.format.none.fl_str_mv |
application/pdf text/xml |
| dc.publisher.en-US.fl_str_mv |
Universidad Pedagógica y Tecnológica de Colombia |
| dc.source.en-US.fl_str_mv |
Apuntes del Cenes; Vol. 42 No. 75 (2023); 17-43 |
| dc.source.es-ES.fl_str_mv |
Apuntes del Cenes; Vol. 42 Núm. 75 (2023); 17-43 |
| dc.source.none.fl_str_mv |
2256-5779 0120-3053 |
| institution |
Universidad Pedagógica y Tecnológica de Colombia |
| repository.name.fl_str_mv |
Repositorio Institucional UPTC |
| repository.mail.fl_str_mv |
repositorio.uptc@uptc.edu.co |
| _version_ |
1839633819205894144 |