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The effects of inequality on economic growth depend on several factors. On one hand, they depend on the time horizon … considered, on the initial level of income and on its initial distribution. But, on the other hand, as growth and inequality are … activity. Moreover, it seems relevant to consider not only the levels of inequality and agglomeration, but also their change …
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-Kaleckian tradition to predict the dynamics of aggregate employment. The model for the demand regime is estimated with - and Baumol …'s model for the productivity regime is calibrated on - OECD data. The trajectory for employment predicted by the combination … of the two models tracks the actual employment dynamics in the OECD over the period 1970-2010 remarkably well. …
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The challenge of employment growth in SSA countries goes beyond economic growthprospects to include structural and … demographic dimensions. This study examinesthe relative contributions of structural changes and demographic factors to employ-ment … distributive components of employment, productivity and output changes overtime in a system whereby the roles of economic structure …
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