A Hipótese de Estagnação Secular nas teorias do crescimento econômico

um labirinto de inconsistências teóricas

Authors

  • Vivian Garrido Moreira Universidade Federal de Santa Catarina
  • Franklin Serrano Universidade Federal do Rio de Janeiro

Abstract

The purpose of these notes is to show that, both in the A.Hansen and in the L.Summers versions, the Secular Stagnation Hypothesis is based on questionable theoretical foundations that seem not to be consistent either with the neoclassical approach to growth nor with the heterodox models of demand led growth. We build from F.Petri´s recent critique of the incoherent use of the neoclassical investment function in situations with persistent labor unemployment. We show that the recent debate is directly connected with the old debate about H.Harrod´s two problems. The analysis allows us to understand some questions related to the current debate, such as the Gordon-Summers polemic on whether the causes of the recent stagnation tendencies in the advanced countries should be attributed to supply or demand factors. 

Author Biographies

  • Vivian Garrido Moreira, Universidade Federal de Santa Catarina

    Pós-doutorando do departamento de economia da Universidade Federal de Santa Catarina. Doutora em Economia do Desenvolvimento pela USP. Mestre em economia pela UFRJ.

  • Franklin Serrano, Universidade Federal do Rio de Janeiro

    Professor Associado, Instituto de Economia da Universidade Federal do Rio de Janeiro (IE-UFRJ)

     

Published

2022-04-01

Issue

Vol. 30 No. 3 (2021): Economia e Sociedade

Section

Articles

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