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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
Persistent link: https://www.econbiz.de/10011472551
The paper revisits the debate on trickle-down growth in view of the widely discussed evolution of the earnings and income distribution that followed a massive expansion of higher education. We propose a dynamic general equilibrium model to dynamically evaluate whether economic growth triggered...
Persistent link: https://www.econbiz.de/10010415518
The paper revisits the debate on trickle-down growth in view of the widely discussed evolution of the earnings and income distribution that followed a massive public expansion of higher education. We propose a dynamic general equilibrium model to dynamically evaluate whether economic growth...
Persistent link: https://www.econbiz.de/10010417999
Persistent link: https://www.econbiz.de/10010484341
This paper develops a classical-Marxian macroeconomic model to examine the growth and distributional consequences of education. First, the role of education in skill formation is considered and it is shown that an expansion in education will promote growth and have beneficial distributional...
Persistent link: https://www.econbiz.de/10008758086
Einkommensverteilung zwischen Aktieneigentümern/Rentiers, Unternehmen und Arbeitern sowie die Effekte einer zunehmenden Shareholder Value …
Persistent link: https://www.econbiz.de/10003747641
-Wachstumsmodellen. Dabei werden insbesondere die Transmissionskanäle untersucht, über die die funktionale und individuelle Einkommensverteilung … 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 …
Persistent link: https://www.econbiz.de/10011477419
When types of workers are imperfect substitutes, the Mincerian rate of return to human capital is negatively related to the supply of human capital. We work out a simple model for the joint evolution of output and wage dispersion. We estimate this model using cross-country panel data on GDP and...
Persistent link: https://www.econbiz.de/10011408972
This paper examines the relationship between trade (exports), growth, and inequality, using a panel of 100 countries over 30 years (1980 to 2010). As there is no clear theoretical relationship between trade (exports) and inequality, and as inequality can be considered a proxy for 'governance...
Persistent link: https://www.econbiz.de/10010465444