The Cambridge Equation with government activity revisited A Equação de Cambridge com atividade governamental revisitada

This paper offers an analysis of the steady-state distributional features found in a Kaldor-Pasinetti process, in which the government sector is allowed to run persistent deficits that may be financed through different instruments. Productive capital and bonds generate single rates of return, while...

Full description

Bibliographic Details
Main Authors: Ricardo Silva Azevedo Araujo, Joanílio Rodolpho Teixeira
Format: Article
Language:English
Published: Universidade Federal do Rio de Janeiro 2010-12-01
Series:Revista de Economia Contemporânea
Subjects:
Online Access:http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1415-98482010000300006