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Distributional consequences of capital accumulation, globalisation and financialisation in the US

Karanassou, Marika; Sala, Hector - 2017

In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the … functional-personal income distribution in the US over the 1968-2014 period. We show that the labour share is affected negatively … unidirectional factor driving the labour share down since the eighties, and financialisation equally relevant in the eighties, but …

Persistent link: https://www.econbiz.de/10011756104

A Keynes-Kalecki Model of Cyclical Growth with Agent-Based Features

Setterfield, Mark; Budd, Andrew - Department of Economics, Trinity College - 2010

in the rate of growth that are aperiodic and of variable amplitude. We also study the size distribution of firms … resulting from our simulations, finding evidence of a power law distribution that we have no reason to anticipate from the basic …

Persistent link: https://www.econbiz.de/10008642731

Is the Long-run Equilibrium Wage-led or Profit-led? A Kaleckian Approach

Sasaki, Hiroaki - Graduate School of Economics, Kyoto University - 2011

This paper presents a Kaleckian growth model in which (i) the rate of capacity utilization, the profit share, and the rate of employment are adjusted in the medium run, and (ii) the normal rate of capacity utilization and the expected rate of growth are adjusted in the long run. Both the Kalecki...

Persistent link: https://www.econbiz.de/10010717430

Is the long-run equilibrium wage-led or profit-led? A Kaleckian approach

Sasaki, Hiroaki - In: Structural Change and Economic Dynamics 23 (2012) 3, pp. 231-244

Persistent link: https://www.econbiz.de/10010594719

Conflicting claims and equilibrium adjustment processes in a stock-flow consistent macro model

Dallery, Thomas; Treeck, Till van - 2008

social groups. We distinguish a "Fordist regime" and a "financialisation regime" and produce simulation results within a …

Persistent link: https://www.econbiz.de/10003744546

Personal income distribution and progressive taxation in a neo-Kaleckian model: Insights from the Italian case

Barbieri Góes, Maria Cristina - 2019

based on You and Dutt (1996). The main goal is to investigate how changes in income taxes and personal income distribution …

Persistent link: https://www.econbiz.de/10012109597

Personal income distribution and progressive taxation in a neo-Kaleckian model : insights from the Italian case

Barbieri Góes, Maria Cristina - 2019

based on You and Dutt (1996). The main goal is to investigate how changes in income taxes and personal income distribution …

Persistent link: https://www.econbiz.de/10012107902

A Minskyan criticism on the shareholder pressure approach of financialisation

Dögüs, Ilhan - 2016

In this paper, the Post-Kaleckian approach on financialisation which argues that investment of Nonfinancial …

Persistent link: https://www.econbiz.de/10011515275

The Factor-Shares Cycle and its Relation to the Business Cycle

Jackson, William A. - In: Business Cycles in Economics: Types, Challenges and …, (pp. 11-26). 2014

countries, marked by financialisation, a rising profit share and financially induced recession, has changed the factor …

Persistent link: https://www.econbiz.de/10014334019

Distribution and growth in demand and productivity in Switzerland (1950-2010)

Hartwig, Jochen - KOF Swiss Economic Institute, Department of Management, … - 2012

I investigate whether demand growth and productivity growth in Switzerland have benefitted from the wage moderation that set in at the beginning of the 1990s in this country. The results suggest that the Swiss demand regime is profit-led while the productivity regime is wage-led. This means on...

Persistent link: https://www.econbiz.de/10010598723