Showing 1 - 10 of 2,850
Structuralist and post Keynesian models differ in their assumptions about firms' investment behavior and pricing … these models for the steady growth path and the cyclical properties of the economy, and evaluate the consistency of the … variables are consistent with the Kaldorian model. The Kaleckian investment function and the Robinsonian pricing behavior find …
Persistent link: https://www.econbiz.de/10010287839
Structuralist and post-Keynesian models differ in their assumptions about firms' investment behavior and pricing … these models for the steady growth path and the cyclical properties of the economy, and evaluate the consistency of the … variables are consistent with the Kaldorian model. The Kaleckian investment function and the Robinsonian pricing behavior find …
Persistent link: https://www.econbiz.de/10014363154
The interaction between income distribution, accumulation, employment, and the utilization of capital is central to macroeconomic models in the "heterodox" tradition. This article examines the stylized pattern of these variables using U.S. data for the period after 1948. We look at the trends...
Persistent link: https://www.econbiz.de/10010612927
The interaction between income distribution, accumulation, employment and the utilization of capital is central to macroeconomic models in the `heterodox' tradition. This paper examines the stylized pattern of these variables using US data for the period after 1948. We look at the trends and...
Persistent link: https://www.econbiz.de/10008469954
Structuralist and post Keynesian models differ in their assumptions about firms’ investment behavior and pricing … these models for the steady growth path and the cyclical properties of the economy, and evaluate the consistency of the … variables are consistent with the Kaldorian model. The Kaleckian investment function and the Robinsonian pricing behavior find …
Persistent link: https://www.econbiz.de/10008672005
Structuralist and post-Keynesian models differ in their assumptions about firms' investment behavior and pricing … these models for the steady growth path and the cyclical properties of the economy, and evaluate the consistency of the … variables are consistent with the Kaldorian model. The Kaleckian investment function and the Robinsonian pricing behavior find …
Persistent link: https://www.econbiz.de/10010821638
We develop a neo-Kaleckian growth model that emphasizes the importance of consumption behavior. In our model, workers … debt accumulation and income distribution have effects on aggregate demand, profitability, and economic growth that differ … growth regimes within our framework. It is shown that distributional changes between the Golden Age and the Neoliberal …
Persistent link: https://www.econbiz.de/10010721553
borrowing. We find that emulation could expand aggregate demand and hence generate a faster economic growth. Our results also …
Persistent link: https://www.econbiz.de/10010570281
performance. A standard Kaleckian growth model is modified to incorporate working households who borrow to finance consumption … this behavior on the sustainability of the growth process is then studied by means of a numerical analysis that captures …
Persistent link: https://www.econbiz.de/10011194510
We develop a neo-Kaleckian growth model that emphasizes the importance of consumption behavior. In our model, workers … debt accumulation and income distribution have effects on aggregate demand, profitability, and economic growth that differ … growth regimes within our framework. It is shown that distributional changes between the Golden Age and the Neoliberal …
Persistent link: https://www.econbiz.de/10010960651