I investigate whether demand growth and productivity growth in Switzerland have benefitted from the wage moderation … point to GDP growth after 1990. On the other hand, it has also contributed to the drop in productivity growth. The latter …

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 …

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 …

I investigate whether demand growth and productivity growth in Switzerland have benefitted from the wage moderation … point to GDP growth after 1990. On the other hand, it has also contributed to the drop in productivity growth. The latter …

I investigate whether demand growth and productivity growth in Switzerland have benefitted from the wage moderation … point to GDP growth after 1990. On the other hand, it has also contributed to the drop in productivity growth. The latter …

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 …

I investigate whether demand growth and productivity growth in Switzerland have benefitted from the wage moderation … point to GDP growth after 1990. On the other hand, it has also contributed to the drop in productivity growth. The latter … effect, however, is weak. -- Distribution ; demand growth ; productivity growth ; Bhaduri-Marglin model ; Switzerland …

I investigate whether demand growth and productivity growth in Switzerland have benefitted from the wage moderation … point to GDP growth after 1990. On the other hand, it has also contributed to the drop in productivity growth. The latter …

The paper combines Baumol's model of structural change with a model of aggregate demand growth in the Keynesian …

The year 2017 marks the 50th anniversary of William J. Baumol’s seminal model of ‘unbalanced growth’, which predicts … the so-called ‘Growth Disease’, i.e., the tendency of aggregate productivity growth to slow down in the process of … service sector may raise rather than lower aggregate productivity growth if the service industries produce intermediate rather …