Hein, Eckhard; Tarassow, Artur - In: Cambridge Journal of Economics 34 (2010) 4, pp. 727-754
Empirical research based on the Bhaduri/Marglin-variant of the Kaleckian model has recently shown that aggregate demand in many medium-sized and large open economies tends to be wage-led in the medium to long run, even in a period of increasing globalisation. In this paper we extend this type of...