Mudança estrutural e alocação de investimentos em uma abordagem pasinettiana
By: ARAÚJO, Ricardo Azevedo
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Contributor(s): Teixeira, Joanílio Rodolpho | ARAUJO, Jorge Thompson.
Material type: 
ArticlePublisher: São Paulo : Editora 34, jul./set. 1999Revista de Economia Política = Brazilian Journal of Political Economy 19, 3, p. 131-142Abstract: In this article Feldmans model of investment allocation (1928) is disaggregated to study the implications of introducing the structural change process in it. It means that the analysis proposed here is carried out in a multi-sectoral framework, where both productivity and demand are changing at a distinct rate in each sector. Feldmans model is then shown to be a particular case of Pasinetti (1981,1993) and an equilibrium path is established. Finally, we analyze the possibility of maintaining equilibrium over time and normative conclusions are obtained
In this article Feldmans model of investment allocation (1928) is disaggregated to study the implications of introducing the structural change process in it. It means that the analysis proposed here is carried out in a multi-sectoral framework, where both productivity and demand are changing at a distinct rate in each sector. Feldmans model is then shown to be a particular case of Pasinetti (1981,1993) and an equilibrium path is established. Finally, we analyze the possibility of maintaining equilibrium over time and normative conclusions are obtained
Revista de Economia Política 1999
v. 19, n. 3(75)
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