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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
appealing but more complex Harrodian specifications are preferable from a behavioral perspective. The local instability of …
Persistent link: https://www.econbiz.de/10010287809
growth with agent-based features. Our model is driven by heterogeneous firms who, confronting an environment of fundamental … in the rate of growth that are aperiodic and of variable amplitude. We also study the size distribution of firms …
Persistent link: https://www.econbiz.de/10008642731
among the variables. -- Growth ; business cycles ; aggregate demand ; instability ; income distribution ; utilization rate … ; investment function ; pricing …
Persistent link: https://www.econbiz.de/10003989579
This paper studies two formal models of long run growth with a medium-run distributive cycle, both of which feature … consistent with the observed decline of the labor share, the income-capital ratio, and labor productivity growth during the … neoliberal era. Importantly, both theories: (a) provide space for mutually reinforcing pro-labor and pro-growth policies in the …
Persistent link: https://www.econbiz.de/10014327602