Debt and Endogenous Retention Rate in a Kaleckian Model of Accumulation with Productive Capacity Utilization
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Retention Rate, Debt, Accumulation, Kaleckian ModelResumen
The Post-Keynesian theory of debt is examined from a different perspective. First, a standard macromodel of capacity utilization and growth is presented. Then, the long-run behaviour of this model by endogenizing the stock of debt and the corporate retention rate is taken into consideration. Subsequently, it is shown that a wide range of dynamical behaviours is plausible as also the fundamental role of firms’ adjustment speed to disequilibria.
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Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-SinDerivadas 4.0.
