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Financial Development, Growth, and the Distribution of Income
Greenwood, Jeremy - 2010
A paradigm is presented where both the extent of financial intermediation and the rate of economic growth are endogenously determined. Financial intermediation promotes growth because it allows a higher rate of return to be earned on capital, and growth in turn provides the means to implement...
Persistent link: https://www.econbiz.de/10012762725
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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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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
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Financialisation in a comparative static, stock flow consistent post-Kaleckian distribution and growth model
Hein, Eckhard - 2008
Frist die Einkommensverteilung zwischen Unternehmen und Rentiers und in der mittleren Frist die Verteilung zwischen Kapital …
Persistent link: https://www.econbiz.de/10003836933
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Autonomous government expenditure growth, deficits, debt and distribution in a neo-Kaleckian growth model
Hein, Eckhard - 2016
This paper is linked to some recent attempts at including a non-capacity creating autonomous expenditure category as the driver and determinant of growth into Kaleckian distribution and growth models. Whereas previous contributions have focussed on taming Harrodian instability, generated by the...
Persistent link: https://www.econbiz.de/10011459378
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Inequality and growth in neo-Kaleckian and Cambridge growth theory
Palley, Thomas I. - 2016 - Revised April 19, 2016
-Wachstumsmodellen. Dabei werden insbesondere die Transmissionskanäle untersucht, über die die funktionale und individuelle Einkommensverteilung … das Wirtschaftswachstum beeinflussen. Die Beziehung zwischen Wachstum und Ungleichheit kann dabei, abhängig von den … Ungleichheit per se keinen direkten Einfluss auf das Wirtschaftswachstum über makroökonomische Transmissionskanäle. Stattdessen …
Persistent link: https://www.econbiz.de/10011477419
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Distribution and Growth : A Dynamic Kaleckian Approach
Patriarca, F. - 2011
This paper studies the effects of an (exogenous) increase of nominal wages on profits, output, and growth. Inspired by an article by Michał Kalecki (1991), who concentrated on the effects on total profits, the paper develops a model that explicitly considers the dynamics of demand, prices,...
Persistent link: https://www.econbiz.de/10013117904
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La demanda agregada y la distribución del ingreso : Un estudio a partir de los modelos de crecimiento kaleckianos (Aggregate Demand and Income Distribution: A Study Based on Kaleck...
Loaiza, Osmar - 2013
The aim of this paper is to study the mechanisms through which aggregate demand and income distribution affect the rate of growth, in a post-Keynesian framework rooted in the works of Michal Kalecki. Thus, this paper addresses some issues that are put aside by neoclassical theory, which focuses...
Persistent link: https://www.econbiz.de/10013086889
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"Disarticulation" as a constraint to "wage-led growth" in dual economies
Aboobaker, Adam - 2019
Much of the recent interest in the relationship between growth and distribution has focused on advanced economies and neglected issues of development and structural transformation. The purpose of this paper is to make a contribution to this gap by arguing that, even in the short-run, some of the...
Persistent link: https://www.econbiz.de/10012024613
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Functional distribution and wage inequality in recent Kaleckian growth models
Hein, Eckhard; Prante, Franz - 2018
This contribution provides a review of recent considerations of wage inequality in Kaleckian models of distribution and growth. On the one hand, we address modelling approaches in which a distinction is made between managers and workers, where the salaries of the former are treated as overhead...
Persistent link: https://www.econbiz.de/10011929194