Hein, Eckhard; Vogel, Lena - Institut für Makroökonomie und Konjunkturforschung … - 2007
The authors analyse the relationship between functional income distribution and economic growth in Austria, France … growth model for an open economy inspired by Bhaduri/Marglin (1990), which allows for profit- or wage-led growth. We find … that growth in France, Germany, the UK, and the USA has been wage-led, whereas Austria and the Netherlands have been profit …