Profits, Wages, and Productivity in the Business Cycle : A Kaldorian Analysis

Online-Ressource (XXIII, 160 p)

online resource

1. Introduction2. Some Facts About the Typical Business Cycle -- Some Facts in General -- Comparative Methods -- Results in Detail -- Factors Conditioning Interpretations -- Stylized Facts and Some Explanations of These Facts -- Appendix 2A: Methods of Imputation and Their Validity -- Appendix 2B: Data -- Appendix 2C: Tables -- 3. Kaldor’s Model -- Kaldor’s Model -- Interpretation -- Comments -- Historical Constancies -- Conclusions: Some Remarks on Kaldor’s Model -- Appendix 3A: A Neoclassical Model of Income Distribution - In Comparison with Kaldor’s Model -- 4. Kaldorian Models: Two Applied Models -- Model A: An Employment Decision Approach -- Model B: A Markup Pricing Approach -- Conclusions: Some Remarks on Models A and B -- Appendix 4A: Model A: On Solution -- Appendix 4B: Equations for Comparative Statics -- Appendix 4C: A Model (1976) -- Appendix 4D: Model B: On Solution -- Appendix 4E: The First Partial Derivative and Growth-Rate Equations -- 5. Other Models -- The Real Business Cycle Theory -- The New Keynesian Theory -- Conclusions: Some Remarks on Each Theory -- 6. Conclusions 133 -- Summary -- Methodological Research Agenda -- Determinants of Investment -- Government Policy and International Trade -- Test of the Models and Model Calibration -- Questions Remaining for the Future -- References.

10.1007/978-94-011-5376-8 [DOI]

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