This paper studies the evolution of long-run output and labour productivity growth rates in the G-7 countries during … productivity appears to be behind the slowdown in long-run GDP growth. … the post-war period. We estimate the growth rates consistent with a constant unemployment rate using time …

We document differences between the evolution of a measure of potential output growth and the evolution of a measure of … potential output per capita growth using time-varying parameter models estimated for four advanced economies (Canada, Germany … growth occurred prior to the Great Recession. However, the potential output per capita growth rate: 1) remained relatively …

distribution, growth and international specialization. The model is explored both for the steady-state properties and the … transitory dynamics of integrated economies. Income inequality affects the patterns of growth and international specialization as …

We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary … to the received wisdom, we show that human capital accumulation is not necessarily growth-inducing and inequality …-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income …

A simple classical-Marxian model of growth and distribution is developed in which education transforms low …-skilled wages and profit income. We analyze the implications for class divisions, growth and distribution, of the transformation of … education can have a positive effect on growth but by altering the distribution of income rather than by fostering technological …

overhead managerial labour and direct labour into a neo-Kaleckian growth model with target-return pricing, where an … overhead labour costs in the coevolution of income distribution and economic growth. When overhead labour is taken into account … capacity and in the growth rate of sales expected by firms. We examine the parametric conditions under which the model achieves …