Economic growth: convergence and divergence
Guardado en:
| Autor: | |
|---|---|
| Formato: | artículo original |
| Estado: | Versión publicada |
| Fecha de Publicación: | 2019 |
| Descripción: | Piketty’s fundamental laws of capitalism in his book “Capital in the Twenty-First Century” (2014) are analyzed to explore the explanatory power of the inequality between average annual rate of return on capital and the rate of growth of production, as a fundamental force for divergence. The author’s r > g crucial assumption and his conclusions are questioned. The convergence-divergence phenomenon is rather believed to be an innate phenomenon of the production and distribution processes. This analysis suggests that the core of inequality may not reside in the elasticity-of-resource-composition, influenced by technological advance. Furthermore, this research will try to contribute to a better understanding of the forces influenced by economic growth and income distribution, which could provide a major contribution to the economic sciences. |
| País: | Portal de Revistas UNA |
| Institución: | Universidad Nacional de Costa Rica |
| Repositorio: | Portal de Revistas UNA |
| Lenguaje: | Español |
| OAI Identifier: | oai:ojs.www.una.ac.cr:article/11608 |
| Acceso en línea: | https://www.revistas.una.ac.cr/index.php/economia/article/view/11608 |
| Access Level: | acceso abierto |
| Palabra clave: | Piketty laws of capitalism return wage leyes del capitalismo retorno salario leis do capitalismo salário |