Growth, credit and inflation

Revista de Economía Institucional

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Title Growth, credit and inflation
Crecimiento, crédito e inflación
Crescimento, crédito e inflação
 
Creator Lorente, Luis
 
Subject Macroeconomic analysis, economic circuit, disequilibrium, growth, development, credit, inflation
análisis macroeconómico, circuito económico, desequilibrio, crecimiento; desarrollo; crédito; inflación
análise macroeconômica, circuito econômico, desequilíbrio, crescimento, desenvolvimento, crédito, inflação
 
Description Growth by factor accumulation is only one of three ways to grow and the least important in modern economies. Since the industrial revolution, the dominant form is process innovation, which depends on the size of the market and is a cumulative process that continuously increases productivity; transforms the structure of production and the composition of consumption, and has a drag effect on the other two forms of growth. The dynamics of the real sector is integrated with that of the financial sector by the credit that supports the productive activity, although it can also support the concentration of income and speculative outbreaks. The interaction of an innovative sector with a protected one is a primary source of inflation, previous to and independent of the spiral of wages and prices.
El crecimiento por acumulación de factores es solo una de tres formas de crecer y la menos importante en las economías modernas. Desde la revolución industrial, la forma dominante es la innovación de procesos, que depende del tamaño del mercado y es un proceso cumulativo que aumenta continuamente la productividad; que transforma la estructura de producción y la composición de los consumos, y que tiene un efecto de arrastre sobre las otras dos formas de crecer. La dinámica del sector real está integrada con la del sector financiero por el crédito que apoya la actividad productiva, aunque también puede apoyar la concentración del ingreso y los brotes especulativos. La interacción de un sector innovador con otro protegido es una fuente primaria de inflación, anterior e independiente de la espiral de salarios y precios.
O crescimento por acumulação de fatores é apenas uma das três maneiras de crescer e a menos importante nas economias modernas. Desde a Revolução Industrial, a forma dominante é a inovação de processo, que depende do tamanho do mercado e é um processo cumulativo que aumenta continuamente a produtividade, que transforma a estrutura de produção e a composição do consumo e que tem um efeito de arrastamento sobre as outras duas formas de crescimento. A dinâmica do setor real está integrada à do setor financeiro pelo crédito que sustenta a atividade produtiva, embora possa também suportar a concentração de renda e surtos especulativos. A interação de um setor inovador com outro protegido é uma fonte primária de inflação, anterior e independente da espiral de salários e preços.
 
Publisher Universidad Externado de Colombia
 
Date 2018-12-03
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
application/xml
text/html
 
Identifier https://revistas.uexternado.edu.co/index.php/ecoins/article/view/5718
10.18601/01245996.v21n40.02
 
Source Revista de Economía Institucional; Vol. 21 Núm. 40 (2019): Enero-Junio; 9-68
Revista de Economía Institucional; Vol 21 No 40 (2019): Enero-Junio; 9-68
Revista de Economía Institucional; v. 21 n. 40 (2019): Enero-Junio; 9-68
2346-2450
0124-5996
 
Language spa
 
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https://revistas.uexternado.edu.co/index.php/ecoins/article/view/5718/7112
https://revistas.uexternado.edu.co/index.php/ecoins/article/view/5718/7544
https://revistas.uexternado.edu.co/index.php/ecoins/article/view/5718/7715
 
Rights Derechos de autor 2018 Luis Lorente
http://creativecommons.org/licenses/by-nc-sa/4.0
 

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