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explicitly considers the dynamics of demand, prices, profits, and investment. The outcomes of the initial wage rise are found to … mainstream approach to analyzing the effects of wage increases.-- Distributional Changes ; Disequilibrium ; Investment ; Growth …
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This paper contributes to the debate on income growth and distribution from a nonmainstream perspective. It looks, in particular, at the role that the degree of capacity utilization plays in the process of growth of an economy that is not perfectly competitive. The distinctive feature of the...
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