Structuralist and post Keynesian models differ in their assumptions about firms' investment behavior and pricing … these models for the steady growth path and the cyclical properties of the economy, and evaluate the consistency of the … variables are consistent with the Kaldorian model. The Kaleckian investment function and the Robinsonian pricing behavior find …

appealing but more complex Harrodian specifications are preferable from a behavioral perspective. The local instability of …

In a Kaleckian distribution and growth model with workers' debt we examine the short- and long-run effects of three …

This paper (i) examines the role of income distribution in the determination of the average saving rate and the growth … between warranted and natural growth rates in mature economies can happen through feedback effects from employment to the …

Growth in low-income developing economies with large sectors charac- terized by underemployment is unlikely to be wage … boost long-run growth. Some of the fast growing Asian economies may have been examples of wage-led growth in this rather … faster wage and output growth across the economy. …

Evidence regarding the relationship between distribution, demand, and growth in the short run has been mixed. Open … economy models that create the possibility of "beggar-thy-neighbor" growth offer one theoretical explanation for why this may … be expected. Several authors have argued recently, however, that even if demand and growth are profit-led in many …

This paper presents a classical-Keynesian one sector model of labor-constrained growth that explains secular stagnation … stagnant activities, which exhibit no or low labor productivity growth. We discuss two models: (i) a classical distributive … state variable. Both versions consider labor productivity growth as endogenous to the labor share, reminiscent of induced …