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In a Kaleckian distribution and growth model with workers’ debt we examine the short- and long-run effects of three … in capital stock, re-distribution of income at the expense of the wage share, and increasing lending of rentiers to …
Persistent link: https://www.econbiz.de/10009325648
This paper deals with the influence of different types of government expenditure on growth. It widens that proposed by …, generated by the variations in the distribution of the net income of the economy, to those working through the supply side … conditions different types of government expenditure are beneficial or detrimental for economic growth, comparing some results …
Persistent link: https://www.econbiz.de/10005042723
We develop a Kaleckian model of growth with an endogenous employment rate and investigate the features following … the saving rate does not make the growth rate decrease, but the utilization decrease. In addition to that, an increase in … the rate of labor productivity exerts a positive impact on growth. …
Persistent link: https://www.econbiz.de/10011114362
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 on supply side phenomena to explain growth. The Say’s law refusal …
Persistent link: https://www.econbiz.de/10011259165
forces behind fluctuations are class struggles between capitalists and workers about income distribution. Based on a Marxian … market and find that income distribution is driven by labor market dynamics. …
Persistent link: https://www.econbiz.de/10008577638
firm sector in a simple Kaleckian distribution and growth model. In particular we show that rising (falling) capital …-Keynesian distribution and growth models seems to be well founded. … debt’. Therefore, the treatment of the rate of interest as an exogenous macroeconomic distribution parameter in Post …
Persistent link: https://www.econbiz.de/10008564512
-Kaleckian endogenous growth model, we examine the effects of increasing shareholder power on the demand regime, on the productivity regime … capital accumulation and productivity growth and hence on potential growth of the economy. However, such a regime does not …
Persistent link: https://www.econbiz.de/10008549605
profit in a simple post-Kaleckian distribution and growth model. This model gives rise to different potential accumulation … regimes depending on the values of the parameters in the investment, saving and distribution function. Estimating these core …
Persistent link: https://www.econbiz.de/10008578293
treats theory of growth, functional distribution of income, and interpersonal income inequality. It envisages a future of … relatively slow growth with the rising share of capital incomes, and widening income inequality. This tendency could be checked …
Persistent link: https://www.econbiz.de/10011257954
integrates the debate theories of growth, income distribution, inequality and differences between the extremes income and income …
Persistent link: https://www.econbiz.de/10011108397