Crecimiento económico: enfoques y modelos. Capítulo 4 - Crecimiento distribución del ingreso y empleo

This chapter includes the Keynesian models of Kaldor and Pasinetti, which introduce the variations in the functional distribution of income between profits and wages, in order to explain how the warranted rate of growth may adjust to the natural growth rate, generating a growth path with full employment of labor. The first and second sections present the Kaldor and Pasinetti models. The third section presents the neoclassical extension of the Pasinetti model developed by Samuelson and Modigliani. The fourth section presents the debate about the existence of two classes in the economy. The fifth section analyses the relationship between growth, distribution and inflation. The chapter ends with the development of a kaldorian model which incorporates the government.