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Economic Size and Debt Sustainability against Piketty's Capital Inequality

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  • Hyejin Cho

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

This article presents a methodology designed to facilitate alternative variables measuring economic growth. A capital-labor split of Cobb-Douglas function is adapted for use in the context of economic growth. A capital/income ratio and two fundamental law of capitalism originated by Thomas Piketty illustrate capital inequality undervalued than labor inequality. In addition, the article includes export and external debt as strong alternatives. Empirical data of the World Bank are analyzed to demonstrate broad differences in economic sizes. The case analysis on Latin America as an example of different sized economy is also discussed.

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  • Hyejin Cho, 2015. "Economic Size and Debt Sustainability against Piketty's Capital Inequality," Post-Print hal-01009465, HAL.
    • Handle: RePEc:hal:journl:hal-01009465
    Note: View the original document on HAL open archive server: https://hal.science/hal-01009465v2
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    References listed on IDEAS

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    3. Thomas Perreault & Patricia Martin, 2005. "Geographies of Neoliberalism in Latin America," Environment and Planning A, , vol. 37(2), pages 191-201, February.
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