当前位置: X-MOL 学术Evolutionary and Institutional Economics Review › 论文详情
Our official English website, www.x-mol.net, welcomes your feedback! (Note: you will need to create a separate account there.)
A two-class economy from the multi-sectoral perspective: the controversy between Pasinetti and Meade–Hahn–Samuelson–Modigliani revisited
Evolutionary and Institutional Economics Review Pub Date : 2021-03-10 , DOI: 10.1007/s40844-021-00202-8
Kazuhiro Kurose

We examine the Pasinettian multi-sectoral two-class model with a microfoundation of a capitalist and a worker. The microfoundation assumed in this study is an infinitely lived agent and an agent whose behaviour follows the overlapping generations model. We consider two combinations of the microfoundation of capitalists and workers: one is that both capitalists and workers act as infinitely lived agents and the other is that capitalists act as infinitely lived agents and workers act as in the overlapping generations model. We exclusively analyse the steady states and focus on the switches of equilibria from the Pasinetti equilibrium to the dual equilibrium and vice versa, together with the paradoxes in capital theory. The relationship between the rates of economic growth and profit obtained in Pasinetti equilibrium is independent of technology and the combination of the microfoundation. The relationship obtained in dual equilibrium is dependent on technology and differs, depending on the combination of microfoundation. A numerical example shows the simultaneous analysis of the switch of equilibria, income distribution, and capital theory paradoxes. The result indicates that it is necessary to reconsider the importance of capital as a bundle of reproducible and heterogeneous commodities to construct an alternative model analysing the distribution of income and capital (wealth), which is unaccountable by the standard neo-classical models with capital as the primary factor of production.



中文翻译:

从多部门角度看,是两级经济:重新审视了Pasinetti与Meade-Hahn-Samuelson-Modigliani之间的争论

我们考察了具有资本家和工人的微观基础的帕西涅特多部门两类模型。本研究假设的微观基础是无限生命的主体和行为遵循重叠世代模型的主体。我们考虑了资本家和工人微观基础的两种组​​合:一种是资本家和工人都充当无限生存的代理人,另一种是资本家充当无限地生存的代理商,而工人则充当了重叠世代模型。我们只分析稳态,并着重于从Pasinetti平衡到对偶平衡(反之亦然)的平衡转换,以及资本理论中的悖论。在Pasinetti均衡中,经济增长率与利润之间的关系与技术和微观基础的组合无关。在双重平衡中获得的关系取决于技术,并且取决于微观基础的组合而不同。数值示例显示了均衡,收入分配和资本理论悖论同时发生的分析。结果表明,有必要重新考虑作为一堆可复制和异质商品的资本的重要性,以构建一种分析收入和资本(财富)分布的替代模型,这是标准的新古典模型无法解释的。生产的主要因素。在双重平衡中获得的关系取决于技术,并且取决于微观基础的组合而不同。数值示例显示了均衡,收入分配和资本理论悖论同时发生的分析。结果表明,有必要重新考虑作为一堆可复制和异质商品的资本的重要性,以构建一种分析收入和资本(财富)分布的替代模型,这是标准的新古典模型无法解释的。生产的主要因素。在双重平衡中获得的关系取决于技术,并且取决于微观基础的组合而不同。数值示例显示了均衡,收入分配和资本理论悖论同时发生的分析。结果表明,有必要重新考虑作为一堆可复制和异质商品的资本的重要性,以构建一种分析收入和资本(财富)分布的替代模型,这是标准的新古典模型无法解释的。生产的主要因素。

更新日期:2021-03-12
down
wechat
bug