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This paper develops a multi-country post-Kaleckian demand-led growth model that incorporates the role of the government …
Persistent link: https://www.econbiz.de/10011924544
Persistent link: https://www.econbiz.de/10011660912
This paper analyzes the relationship between functional income distribution aggregate demand and economic growth in …
Persistent link: https://www.econbiz.de/10012387910
An increase in the wage share has contradictory effects on the subaggregates of aggregate demand. Private consumption expenditures ought to increase because wage incomes typically are associated with higher consumption propensities than capital incomes. Investment expenditures ought to be...
Persistent link: https://www.econbiz.de/10014211364
The empirical literature on neo-Goodwinian models of growth and distribution still lacks an explicit treatment of …
Persistent link: https://www.econbiz.de/10013448820
In a Kaleckian monetary distribution and growth model with conflict inflation we assess the role of a Non Accelerating …
Persistent link: https://www.econbiz.de/10003744527
In Kaleckian models of distribution and growth the equilibrium rate of capacity utilisation may persistently diverge …-run endogeneity. Generally, we show that in a Kaleckian monetary distribution and growth model, which takes the major features of a …
Persistent link: https://www.econbiz.de/10003744529
We analyse the relationship between functional income distribution and economic growth in Austria, France, Germany, the … Netherlands, the UK and the USA from 1960 until 2005. The analysis is based on a demand-driven distribution and growth model for … an open economy inspired by Bhaduri/Marglin (1990), which allows for profit- or wage-led growth. We find that growth in …
Persistent link: https://www.econbiz.de/10003744536
We analyse the relationship between functional income distribution and economic growth in France and Germany from 1960 … until 2005. The analysis is based on a demand-driven distribution and growth model for an open economy inspired by Bhaduri …/Marglin (1990), which allows for profit- or wage-led growth. First, we apply a single equation approach, estimating the effects of …
Persistent link: https://www.econbiz.de/10003744537
Into an analytical stock-flow consistent Post-Kaleckian distribution and growth model the following transmission …
Persistent link: https://www.econbiz.de/10003836933