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We study endogenous employment and distribution dynamics in a Post-Keynesian model of Kalecki-Steindl tradition. Productivity adjustments stabilise employment and the labour share in the long run: technological change allows firms to replenish the reserve army of workers in struggle over income...
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their share of output has decreased significantly and Finland has specialized more and more in high technology industries … differs from the pattern of the revealed technological advantage of many other countries. Internationally compared Finland has …, elevators and transfer equipments, and in basic metals. -- Finland ; manufacturing ; production ; technology ; employment …
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