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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 and...
Persistent link: https://www.econbiz.de/10012716379
The New Consensus approach in macroeconomics is criticised for its exclusive but unwarranted reliance on stabilising monetary policies, for its ill-designed approach to the role of wages and wage policies, and for its complete neglect of fiscal policies. From a Post-Keynesian perspective, it is...
Persistent link: https://www.econbiz.de/10010460457
The New Consensus approach in macroeconomics is criticised for its exclusive but unwarranted reliance on stabilising monetary policies, for its ill-designed approach to the role of wages and wage policies, and for its complete neglect of fiscal policies. From a Post-Keynesian perspective, it is...
Persistent link: https://www.econbiz.de/10005764560
The New Consensus approach in macroeconomics is criticised for its exclusive but unwarranted reliance on stabilising monetary policies, for its ill-designed approach to the role of wages and wage policies, and for its complete neglect of fiscal policies. From a Post-Keynesian perspective, it is...
Persistent link: https://www.econbiz.de/10003744540
Empirical research based on the Bhaduri/Marglin-variant of the Kaleckian model has recently shown that aggregate demand in many medium-sized and large open economies tends to be wage-led in the medium to long run, even in a period of increasing globalisation. In this paper we extend this type of...
Persistent link: https://www.econbiz.de/10003772369
In dem Aufsatz wird der Zusammenhang zwischen funktionaler Einkommensverteilung und Wirtschaftswachstum in Österreich, Frankreich, Deutschland, den Niederlanden, Großbritannien und den USA für den Zeitraum von 1960 bis 2005 untersucht. In Anlehnung an Bhaduri/Marglin (1990) legt die Analyse...
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...
Persistent link: https://www.econbiz.de/10003744537
This study explores the factors driving the observed movements of the profit share in several major industrialised countries (France, Germany, United States, United Kingdom and Japan) over the period 1970-2000. Within the group of countries we study, both the level and the fluctuations of the...
Persistent link: https://www.econbiz.de/10013134960
This paper explores the behavior of profits in the four largest euro area countries (Germany, France, Italy and Spain …
Persistent link: https://www.econbiz.de/10013117688
of certain types of self-employed workers to the corporations’ sector of some countries, most notably Germany and Italy …, Italy and the United States are then much more similar than what the accounts for non-financial corporations suggest. The … evidence presented in this paper for France and Italy. It is only for the United States that we can confirm such an increase. …
Persistent link: https://www.econbiz.de/10011403307