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Varieties and interdependencies of demand and growth regimes in finance-dominated capitalism

Prante, Franz; Hein, Eckhard; Bramucci, Alessandro - 2021

We outline and simulate a stylised post-Keynesian two country stock-flow consistent model to demonstrate the interconnection of three of the main features/outcomes of finance-dominated capitalism, namely worsening income distribution for the bottom 90% households, the rise of international...

Persistent link: https://www.econbiz.de/10012696153

Induced Shifting Involvements and Cycles of Growth and Distribution

Nikiforos, Michalis - 2019

The paper builds on the concept of (shifting) involvements, originally proposed by Albert Hirschman (2002 [1982]). However, unlike Hirschman, the concept is framed in class terms. A model is presented where income distribution is determined by the involvement of the two classes, capitalists and...

Persistent link: https://www.econbiz.de/10012891592

Financialisation in a comparative static, stock flow consistent post-Kaleckian distribution and growth model

Hein, Eckhard - 2008

Into an analytical stock-flow consistent Post-Kaleckian distribution and growth model the following transmission channels of 'financialisaton' are integrated. 1. 'Financialisation' is assumed to affect distribution between firms and rentiers in the short run, and distribution between capital and...

Persistent link: https://www.econbiz.de/10003836933

"Financialisation" in Kaleckian, post-Kaleckian models of distribution and growth

Hein, Eckhard; Treeck, Till van - 2007

The macroeconomic effects of "financialisation" are assessed applying two different variants of a Kaleckian model of distribution and growth. The focus is on the effects of changes in distribution between shareholders/rentiers, firms and workers, as well as on the effects of increasing...

Persistent link: https://www.econbiz.de/10003747641

Inequality and growth in neo-Kaleckian and Cambridge growth theory

Palley, Thomas - 2016 - Revised April 19, 2016

das Wirtschaftswachstum beeinflussen. Die Beziehung zwischen Wachstum und Ungleichheit kann dabei, abhängig von den … Ungleichheit per se keinen direkten Einfluss auf das Wirtschaftswachstum über makroökonomische Transmissionskanäle. Stattdessen … in den Konsumneigungen der Haushalte erklären kann, die die Grundlage der Neo-Kaleckianischen und Cambridge-Wachstumstheorie …

Persistent link: https://www.econbiz.de/10011477419

Functional distribution and wage inequality in recent Kaleckian growth models

Hein, Eckhard; Prante, Franz - 2018

This contribution provides a review of recent considerations of wage inequality in Kaleckian models of distribution and growth. On the one hand, we address modelling approaches in which a distinction is made between managers and workers, where the salaries of the former are treated as overhead...

Persistent link: https://www.econbiz.de/10011929194

Autonomous government expenditure growth, deficits, debt and distribution in a neo-Kaleckian growth model

Hein, Eckhard - 2016

This paper is linked to some recent attempts at including a non-capacity creating autonomous expenditure category as the driver and determinant of growth into Kaleckian distribution and growth models. Whereas previous contributions have focussed on taming Harrodian instability, generated by the...

Persistent link: https://www.econbiz.de/10011459378

Growth with unused capacity and endogenous depreciation

Patriarca, Fabrizio; Sardoni, Claudio - 2014

This paper contributes to the debate on income growth and distribution from a nonmainstream perspective. It looks, in particular, at the role that the degree of capacity utilization plays in the process of growth of an economy that is not perfectly competitive. The distinctive feature of the...

Persistent link: https://www.econbiz.de/10010340282

The limits to profit-wage redistribution : endogenous regime shifts in Kaleckian models of growth and distribution

Köhler, Kasper - 2018

A feature of Kaleckian models of distribution and growth that is often overlooked is that they describe a nonlinear relation between functional income distribution and demand and growth, because the size of the multiplier is affected by redistribution from wages to profits and vice versa. This...

Persistent link: https://www.econbiz.de/10011938664

Introducing demographic changes in a model of economic growth and income distribution

Rada, Codrina - 2009

Unprecedented demographic changes are set to unfold in most of the industrialized world. They are relevant not only because of the diminishing pool of workers, but also because of the increasing importance of retirees as an economic class. Retirees' consumption and saving patterns can differ...

Persistent link: https://www.econbiz.de/10003844116