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Labour markets in a Post-Keynesian growth model : the effects of endogenous productivity growth and working time reduction
Ederer, Stefan; Rezai, Armon - 2020
Persistent link: https://www.econbiz.de/10012212107
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The race of man and machine: implications of technology when abilities and demand constraints matter
Gries, Thomas; Naudé, Wim - 2021
In "The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment," Acemoglu and Restrepo (2018b) combine the task-based model of the labor market with an endogenous growth model to model the economic consequences of artificial intelligence (AI). This...
Persistent link: https://www.econbiz.de/10012517812
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Artificial intelligence, income distribution and economic growth
Gries, Thomas; Naudé, Wim - 2020
The economic impact of Artificial Intelligence (AI) is studied using a (semi) endogenous growth model with two novel features. First, the task approach from labor economics is reformulated and integrated into a growth model. Second, the standard representative household assumption is rejected,...
Persistent link: https://www.econbiz.de/10012262282
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Artificial intelligence, income distribution and economic growth
Gries, Thomas; Naudé, Wim - 2020
The economic impact of Articial Intelligence (AI) is studied using a (semi) endogenous growth model with two novel features. First, the task approach from labor economics is reformulated and integrated into a growth model. Second, the standard representative household assumption is rejected, so...
Persistent link: https://www.econbiz.de/10012266990
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Inequality, aging, and the middle-income trap
Wang, Chen; Lan, Jiajun - 2017
Based on required growth rate and actual growth rate, this paper proposes a method to construct measures to indicate the probability of a country escaping the middle income trap (MIT). A second contribution of this paper is to model this probability using 1960–2015 cross-country data, focusing...
Persistent link: https://www.econbiz.de/10011757920
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The middle class in macroeconomics and growth theory : a three class neo-Kaleckian-Goodwin model
Palley, Thomas I. - 2013
-Management). Das Modell ergänzt die herkömmlichen Überlegungen zur funktionalen Einkommensverteilung um die personale … Einkommensverteilung. Im Rahmen eines solchen Modells kann gezeigt werden, dass Veränderungen in der personalen Einkommensverteilung dazu … Kapitalisten hat. Veränderungen zugunsten der Mittelklasse führen nicht notwendigerweise zu höherem Wirtschaftswachstum und …
Persistent link: https://www.econbiz.de/10010240799
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Artificial intelligence, income distribution and economic growth
Gries, Thomas; Naudé, Wim - 2020
The economic impact of Artificial Intelligence (AI) is studied using a (semi) endogenous growth model with two novel features. First, the task approach from labor economics is reformulated and integrated into a growth model. Second, the standard represen- tative household assumption is rejected,...
Persistent link: https://www.econbiz.de/10012438305
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Growth and distribution in low income economies : modifying post Keynesian analysis in light of theory and history
Razmi, Arslan - 2015
Growth in low-income developing economies with large sectors charac- terized by underemployment is unlikely to be wage-led in the traditional neo-Kaleckian sense of the term. Output and employment in the sectors of the economy producing non-tradable output could be demand-led, how- ever, and...
Persistent link: https://www.econbiz.de/10011522170
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Rethinking wage vs. profit-led growth theory with implications for policy analysis
Palley, Thomas I. - 2014
The distinction between wage-led and profit-led growth is a major feature of Post-Keynesian economics and it has triggered an extensive econometric literature aimed at identifying whether economies are wage or profit-led. That literature treats the economy's character as exogenously given. This...
Persistent link: https://www.econbiz.de/10010458230
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Economic growth in dual and mature economies : revisiting the Pasinetti and neo-Pasinetti theorems
Skott, Peter - 2022
This paper (i) examines the role of income distribution in the determination of the average saving rate and the growth process in dual and mature economies, and (ii) revisits the Pasinetti and neo-Pasinetti theorems. The profit share may in uence saving because of differences in the saving rates...
Persistent link: https://www.econbiz.de/10013169032