THE MACROECONOMIC IMPLICATIONS OF CONSUMPTION: STATE-OF-ART AND PROSPECTS FOR THE HETERODOX FUTURE RESEARCH

Lídia Brochier, Antonio Carlos Macedo e Silva

Resumo


The recent US economic scenario has motivated a series of heterodox papers concerned with household indebtedness and consumption. Though discussing autonomous consumption, most of the theoretical papers rely on private investment-led growth models. An alternative approach is the so-called Sraffian supermultipler model, which treats long-run investment as induced, allowing for the possibility that other final demand components – including consumption – may lead long-run growth. We suggest that the dialogue between these approaches is not only possible but may prove to be quite fruitful.

Palavras-chave


Consumption; Household debt; Growth theories; Autonomous expenditures

Texto completo:

PDF (English)


DOI: https://doi.org/10.22456/2176-5456.65689



 
.........................................................................................................................................................................................................................

Indexadores


 PROPESQ  PROPESQ PROPESQ   PROPESQ      PERIÓDICOS UFRGS


 
.........................................................................................................................................................................................................................

Universidade Federal do Rio Grande do Sul
Faculdade de Ciências Econômicas
Revista Análise Econômica
ISSN 0102-9924 / e-ISSN 2176-5456