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| Author(s): |
Juan Gabriel Perez Ferres
Total Authors: 1
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| Document type: | Master's Dissertation |
| Press: | São Paulo. |
| Institution: | Universidade de São Paulo (USP). Faculdade de Economia, Administração e Contabilidade (FEA/SBD) |
| Defense date: | 2005-11-04 |
| Examining board members: |
Gilberto Tadeu Lima;
José Maria Ferreira Jardim da Silveira;
Jorge Eduardo de Castro Soromenho
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| Advisor: | Gilberto Tadeu Lima |
| Abstract | |
This dissertation introduces a micro-macro model of economic growth, for which inequality in income and consumption pattems dynamically affects the capital accumulation process and the innovative activity - and so, the long term economic growth. To attain this goal, the model explicitly considered both demand and labor market heterogeneity, accepted non linear Engel curves and treated growth as the macroeconomic result of correct microeconomic incentives. According to the model, economic growth and income inequality would be simultaneously determined. And these variables shows (through consumption), a Uinversed relationship. This means that, in equal societies, more inequality would be growth enhancing, otherwise, the same fact accommodate lower growth rates. Economic fluctuations and cycles emerge as parts of the growth dynamics, and are both the main incentives and the financing mechanism of the process. Either in a good or bad long term equilibrium, the relationship inequality-growth depends of the preferences, of the technology and of the wealth distribution. And the role of the economic authorities is act in one (or more) of these fronts to improve economic performance. (AU) | |