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that the post-Kaleckian model is able to cover many, but not all of the results generated by the old neoclassical growth … model, new neoclassical growth theories, classical/Marxian distribution and growth approaches, and post-Keynesian Kaldor …Starting from a review of the main strands of orthodox and heterodox distribution and growth models and their …
Persistent link: https://www.econbiz.de/10011450856
A simple neo-Kaleckian open-economy model is presented and its implications for growth regimes are analyzed. The … present model features long-run convergence to its normal rate of capacity utilization, which is conditionally achieved by … incorporating the Harrodian principle of instability and autonomous growth in foreign demand. It is demonstrated that some aspects …
Persistent link: https://www.econbiz.de/10011478769
We introduce a gender wage gap into basic one-good textbook versions of the neo-Kaleckian distribution and growth model … and productivity growth. For the closed economy model, reducing the gender wage gap has no effect on the profit share, and … out of male wages. For the open economy model this condition is modified by the effects of improved gender wage equality …
Persistent link: https://www.econbiz.de/10012215452
step, we present a standard neoclassical growth model augmented by automation capital and capital adjustment costs that is …, automation capital, and population growth. In the empirical analysis, we find indications for cointegrating equations for the …
Persistent link: https://www.econbiz.de/10012287860
shares and in automation capital. Second, we analyse and calibrate a neoclassical growth model extended to include factor … change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth … and traditional capital are complements. The model replicates the dynamics of the observed functional income distribution …
Persistent link: https://www.econbiz.de/10013353387
The present paper sheds new light on the growth implications of gender inequalities in the Moroccan labour market. We … uses this information for simulations based on a simple macroeconomic model. The second relies on country panel variation … to relate growth to the relative employment of women and, also, suggest simulations for Morocco. Both approaches lead to …
Persistent link: https://www.econbiz.de/10012651150
physical capital to study the interaction of international capital flows and growth. Analytically, we study conditions under … long-term growth via the accumulation of human capital. Our mechanism shows how a small initial difference in the level of …
Persistent link: https://www.econbiz.de/10012745132
different sectoral productivity growth rates. The model is capable of theoretically replicating the dynamics of structural … becomes crucial. In the present work, we develop an agent-based model (ABM) where structural change is driven by income and … calibrated the model's parameters, so that the artificial employment share trajectories would match those of Sweden for the …
Persistent link: https://www.econbiz.de/10013466678
-driven economic growth model with labor mobility and a demographic structure of overlapping generations. The model shows a natural …
Persistent link: https://www.econbiz.de/10014504397
We develop a growth model with endogenous technological progress in which the financial sector plays an explicit role …. Thereby we discuss the role of different financial regimes in the growth process. We contrast a bank-dominated financial … two regimes emerges. We show that history matters and that the emergence of the low-growth regime is feasible. Furthermore …
Persistent link: https://www.econbiz.de/10010435477