Foreign direct investment, accumulation of productive capital and income distribution

Vol. 25 No. 2 (2005)

Apr-Jun / 2005
Published April 1, 2005
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Bertella, Mário Augusto, and Gilberto Tadeu Lima. 2005. “Foreign Direct Investment, Accumulation of Productive Capital and Income Distribution: A Post-Keynesian Approach”. Brazilian Journal of Political Economy 25 (2):74-95. https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/632.

Foreign direct investment, accumulation of productive capital and income distribution

a post-keynesian approach

Mário Augusto Bertella
Doutor em Economia pela Unicamp.
Gilberto Tadeu Lima
Professor do Departamento de Economia da FEA-USP, agradece o suporte do CNPq – Bolsa de Produtividade em Pesquisa
Brazilian Journal of Political Economy, Vol. 25 No. 2 (2005), Apr-Jun / 2005, Pages 74-95

Abstract

It is developed a macrodynamic model in the post-keynesian tradition of political economy of the productive capital accumulation and income distribution to analyze some of the impacts of the (flow of) foreign direct investment and the (stock of) foreign productive capital on capital accumulation, economic growth and functional income distribution in a stylized economy. Alongside a usual demand effect, the impacts of such an internationalization of local capital through labor productivity and market concentration are taken into account as well.

JEL Classification: E22, E25.


Keywords: Foreign Direct Investment Capital Accumulation Income Distribution