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Economists' two main theoretical approaches to understanding Artificial Intelligence (AI) impacts have been the task-approach to labor markets and endogenous growth theory. Therefore, the recent integration of the task-approach into an endogenous growth model by Acemoglu and Restrepo (AR) is a...
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Starting from a review of the main strands of orthodox and heterodox distribution and growth models and their … variant of heterodox distribution and growth theories, we develop a simple modelling framework in which we can treat these … model, new neoclassical growth theories, classical/Marxian distribution and growth approaches, and post-Keynesian Kaldor …
Persistent link: https://www.econbiz.de/10011449878
impacts on labor movement and income distribution. We apply our analytical findings to reasonable parameters for a large set …
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A large body of literature inspired by the seminal contribution of Marglin and Bhaduri (1988) has debated the distributional determinants of demand and growth. A general conclusion has been that open economy considerations weaken the potential for a wage-led growth regime. However, this...
Persistent link: https://www.econbiz.de/10010426603
We introduce a gender wage gap into basic one-good textbook versions of the neo-Kaleckian distribution and growth model … and examine the effects of improving gender wage equality on income distribution, aggregate demand, capital accumulation …
Persistent link: https://www.econbiz.de/10012213998
Neoclassical growth theory assumes that economic growth is an atomistic process in which changes in distribution play …
Persistent link: https://www.econbiz.de/10011753811