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The Effect of Ricardian Rent on Macroeconomic Performance

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  • Manuel F. Montes

Abstract

A macroeconomic, instead of microeconomic, analysis of the role of rent carried out in this study. In the sphere of production, a Ricardian process of rent generation, as formalized by Pasinetti, is utilized. Rent extraction induces supply-side declines. Attemps to overcome economic slowdown through Keynesian-type demand inducement brings the economy closer to its foreign exchange constraint.

Suggested Citation

  • Manuel F. Montes, 1989. "The Effect of Ricardian Rent on Macroeconomic Performance," UP School of Economics Discussion Papers 198903, University of the Philippines School of Economics.
    • Handle: RePEc:phs:dpaper:198903
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    Cited by:

    1. Bruce Koppel, 1990. "Mercantile Transformations: Understanding the State, Global Debt and Philippine Agriculture," Development and Change, International Institute of Social Studies, vol. 21(4), pages 579-619, October.

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