's model for the productivity regime is calibrated on - OECD data. The trajectory for employment predicted by the combination …-Kaleckian tradition to predict the dynamics of aggregate employment. The model for the demand regime is estimated with - and Baumol … of the two models tracks the actual employment dynamics in the OECD over the period 1970-2010 remarkably well. …

This paper investigates the relationship between the size of government and economic growth in OECD countries in 1960 …?2000. The underlying idea is that government expenditures on public goods basically have a positive effect on growth, but this … growth effect tends to decline or even reverse when government is overdoing, e.g. by increasing expenditures in such a way …