Showing 11 - 16 of 16
By exploring the implications of a Multi-Sector Thirlwall’s Law, this paper reports empirical exercises that contribute to an understanding of the relationship between structural change, external constraint and growth in Brazil in the 1962-2006 period. Given the sectoral nature of these...
Persistent link: https://www.econbiz.de/10010933646
This paper sets forth a Neo-Kaleckian model of capacity utilization and growth with distribution featuring a profit-sharing arrangement. While a given proportion of firms compensate workers with only a base wage, the remaining proportion do so with a base wage and a share of profits. Consistent...
Persistent link: https://www.econbiz.de/10010934866
By exploring the implications of a Multi-Sector Thirlwall’s Law, this paper reports empirical exercises that contribute to an understanding of the relationship between structural change, external constraint and growth in Brazil in the 1962-2006 period. Given the sectoral nature of these...
Persistent link: https://www.econbiz.de/10009357818
This paper sets forth a Neo-Kaleckian model of capacity utilization and growth with distribution featuring a profit-sharing arrangement. While a given proportion of firms compensate workers with only a base wage, the remaining proportion do so with a base wage and a share of profits. Consistent...
Persistent link: https://www.econbiz.de/10009393308
This paper focuses on the role of the production and trade structures in shaping conflicting claims over income shares and the dynamics of the real exchange rate in a Neo-Kaleckian macroeconomic model of growth and distribution. In the medium run, the economy adjusts to comply with two...
Persistent link: https://www.econbiz.de/10010699449
This paper investigates the relationship between firm's financing regime and business cycle in an innovative environment, in which the performance of the banking system is not predetermined but depends endogenously on firms' financing strategy and pricing behavior, the rate of innovation and the...
Persistent link: https://www.econbiz.de/10010700813