Development, Growth, and Distribution: Kaleckian Essays on Economic Progress in the Contemporary Global South
Kaleckian model, post-Keynesian model, development, growth and distribution
Concurrently, divergences are found within the post-Keynesian literature on growth regarding the mechanisms and processes involved in the sustained, long-term expansion of output. These differences in approach create an opportunity for the reconsideration of the understanding of the growth process in poor and middle-income countries, drawing upon theoretical insights surrounding these points of conflict.
In this context, the present work seeks to re-evaluate growth and distribution models of Kaleckian tradition aiming to apply their insights to the contemporary debate on economic development. To achieve this, modifications or extensions are proposed to established models within this tradition. These changes would allow for the incorporation of empirical regularities observed in contemporary developing economies, along with theoretical propositions raised in the recent debate.