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Labour markets in a Post-Keynesian growth model : the effects of endogenous productivity growth and working time reduction

Ederer, Stefan; Rezai, Armon - 2020

We study endogenous employment and distribution dynamics in a Post-Keynesian model of Kalecki-Steindl tradition. Productivity adjustments stabilise employment and the labour share in the long run: technological change allows firms to replenish the reserve army of workers in struggle over income...

Persistent link: https://www.econbiz.de/10012200132

Growth factors in developed countries : a 1960-2019 growth accounting decomposition

Cette, Gilbert; Devillard, Aurélien; Spiezia, Vincenzo - 2020

Persistent link: https://www.econbiz.de/10012387238

Automation, economic growth, and the labor share - a comment on Prettner (2019)

Heer, Burkhard; Irmen, Andreas - 2019 - This Version: June 24, 2019

Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the Solow-Swan model. The aggregate production function allows for two types of capital, traditional and automation capital. Traditional capital and labor are imperfect substitutes...

Persistent link: https://www.econbiz.de/10012031062

Economic growth as a double-edged sword: the pollution-adjusted Kaldor-Verdoorn effect

Oliveira, Guilherme de; Lima, Gilberto Tadeu - 2021

Persistent link: https://www.econbiz.de/10012650287

Productivity improvement and economic growth

Nakamura, Koji; Kaihatsu, Sohei; Yagi, Tomoyuki - 2018

Persistent link: https://www.econbiz.de/10012180416

Education, labor force composition, and growth a general equilibrium analysis

Roson, Roberto - 2022

Persistent link: https://www.econbiz.de/10013401864

Wages, profitability, and growth in a small open economy

Chadha, Bankim - 1990

Persistent link: https://www.econbiz.de/10013424885

The middle class in macroeconomics and growth theory : a three class neo-Kaleckian-Goodwin model

Palley, Thomas - 2013

-Management). Das Modell ergänzt die herkömmlichen Überlegungen zur funktionalen Einkommensverteilung um die personale … Einkommensverteilung. Im Rahmen eines solchen Modells kann gezeigt werden, dass Veränderungen in der personalen Einkommensverteilung dazu … Kapitalisten hat. Veränderungen zugunsten der Mittelklasse führen nicht notwendigerweise zu höherem Wirtschaftswachstum und …

Persistent link: https://www.econbiz.de/10010240799

Income distribution and macroeconomics

Galor, Oded; Zeira, Joseph - 2013 - Revised, September, 1989

This paper analyzes the role of income distribution in macroeonomic analysis. The study demonstrates that the long-run equilibrium depends on the initial distribution of income. In accordance with empirical evidence concerning the correlation between income distribution and output, an economy...

Persistent link: https://www.econbiz.de/10010207411

Rethinking wage vs. profit-led growth theory with implications for policy analysis

Palley, Thomas - 2014

The distinction between wage-led and profit-led growth is a major feature of Post-Keynesian economics and it has triggered an extensive econometric literature aimed at identifying whether economies are wage or profit-led. That literature treats the economy's character as exogenously given. This...

Persistent link: https://www.econbiz.de/10010458230