This paper develops a model of North-South trade and economic development to analyze how an increase in the growth rate of population affects the growth rate of real income per capita. We assume that the North is characterized by an increasing-returns-to-scale technology while the South is...

In modern capitalist economies, income distribution has a tendency to be in favor of shareholders. This paper interprets pro-shareholder distribution as a decrease in the retention ratio of firms and an increase in the profit share. We introduce labor supply constraints into a post-Keynesian...

This paper presents a Kaleckian growth model that incorporates endogenous technological change. The model endogenously determines the rate of capacity utilization, the rate of economic growth, income distribution, and the employment rate in addition to technological change. The paper shows that...

The purpose of this article is to evaluate empirically the classical viability condition for East Asia, Latin America, Sub-Saharan Africa 1980-1995, and advanced countries 1950-1992. The viability condition is proposed by Foley and Michl (1999), and is used for judging empirically which approach...

In this paper we develop a small open economy three-sector model of semi-endogenous growth that consists of an agricultural sector, a manufacturing sector and a skill-producing sector, and we analyze the relationship between specialization processes and economic growth. The main results are as...

In modern capitalist economies, income distribution has a tendency to be in favor of shareholders. This paper interprets pro-shareholder distribution as a decrease in the retention ratio of firms and an increase in the profit share. We introduce labor supply constraints into a post-Keynesian...