Determinants of capital accumulation in Latin America

نویسندگان

چکیده

The theoretical model of Bhaduri and Marglin (1990) is one the most discussed works regarding capital accumulation functional income distribution. However, their analysis does not include effects an economy with government. aim here to identify relationships between accumulation, real exchange rate debt-to-GDP ratio, using a modified version that model. results showed increase in ratio contributes regime conflict capitalists workers. empirical for group countries Latin America are consistent this. Undervaluation has positive influence on accumulation. A higher negative effect.

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ژورنال

عنوان ژورنال: Cepal Review

سال: 2022

ISSN: ['0251-2920', '1684-0348']

DOI: https://doi.org/10.18356/16840348-2022-136-1