Hartwig, Jochen - KOF Swiss Economic Institute, Department of Management, … - 2014
distribution on the growth in demand. Over recent years, a number of empirical studies based on this model have aimed at … determining whether a redistribution towards profits harms or fosters demand growth. The focus so far has been on a very limited … number of countries. This paper is the first to test the Bhaduri-Marglin model with panel data. It finds that demand growth …