Cyclical patterns of employment, utilization, and profitability

The interaction between income distribution, accumulation, employment, and the utilization of capital is central to macroeconomic models in the "heterodox" tradition. This article examines the stylized pattern of these variables using U.S. data for the period after 1948. We look at the trends and cycles in individual time series and examine the bivariate cyclical patterns among the variables.

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Year of publication:	2011
Authors:	Zipperer, Ben ; Skott, Peter
Published in:	Journal of Post Keynesian Economics. - M.E. Sharpe, Inc., ISSN 0160-3477. - Vol. 34.2011, 1, p. 25-58
Publisher:	M.E. Sharpe, Inc.
Subject:	aggregate demand \| business cycles \| growth \| income distribution \| instability \| investment function \| pricing \| utilization rate

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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