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Weaknesses of 'wage-led growth'

Skott, Peter - 2016

The emphasis in post-Keynesian macroeconomics on wage- versus profit- led growth may not have been helpful. The profit share is not an exogenous variable, and the correlations between the pro.t share and economic growth can be positive for some exogenous shocks but negative for others. The...

Persistent link: https://www.econbiz.de/10011522218