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The Sraffian supermultiplier and cycles: theory and empirics
Nikiforos, Michalis; Santetti, Marcio; Von Arnim, Rudiger - 2021
This paper provides a theoretical and empirical reassessment of supermultiplier theory. First, we show that, as a result of the passive role it assigns to investment, the Sraffian supermultiplier (SSM) predicts that the rate of utilization leads the investment share in a dampened cycle or,...
Persistent link: https://www.econbiz.de/10012625093
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Technical Change, Effective Demand and Economic Growth
Landesmann, Michael; Stehrer, Robert - Wiener Institut für Internationale … - 2002
The model developed in this paper has distinctly classical, but also Schumpeterian and Keynesian features. The main analysis is explored in an aggregate (one goods) setting, but many of the results carry over to a multi-sectoral setting. Sections 2 and 3 present the main components of the model...
Persistent link: https://www.econbiz.de/10009649651
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Investment, autonomous demand and long run capacity utilization: An empirical test for the Euro Area
Gallo, Ettore - 2019
In recent years, the role attached to the autonomous components of aggregate demand has attracted rising attention, as testified by the development of the Sraffian Supermulti plier model (SSM) and the attempts to include autonomous demand in the Neo-Kaleckian model. This paper reviews and...
Persistent link: https://www.econbiz.de/10011997037
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Technical Change, Effective Demand and Economic Growth
Landesmann, Michael; Stehrer, Robert - 2002
The model developed in this paper has distinctly classical, but also Schumpeterian and Keynesian features. The main analysis is explored in an aggregate (one goods) setting, but many of the results carry over to a multi-sectoral setting. Sections 2 and 3 present the main components of the model...
Persistent link: https://www.econbiz.de/10012099851
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Offshoring via vertical FDI in a long-run Kaleckian model
Woodgate, Ryan - 2022
This paper develops a two-country Kaleckian model in which "Northern" firms invest a fixed fraction of total investment in foreign affiliates in the low-wage "South" in order to offshore the production of intermediate goods over time and lower overall labour costs. On the back of this setup...
Persistent link: https://www.econbiz.de/10013197975
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Some instability puzzles in Kaleckian models of growth and distribution: A critical survey
Hein, Eckhard; Lavoie, Marc; Treeck, Till van - Institut für Makroökonomie und Konjunkturforschung … - 2008
We tackle the issue of the possible instability of the Kaleckian distribution and growth model and the consequences for …
Persistent link: https://www.econbiz.de/10005582250
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Some instability puzzles in Kaleckian models of growth and distribution: A critical survey
Hein, Eckhard; Lavoie, Marc; van Treeck, Till - 2008
We tackle the issue of the possible instability of the Kaleckian distribution and growth model and the consequences for …
Persistent link: https://www.econbiz.de/10010460463
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Investment, autonomous demand and long run capacity utilization : an empirical test for the Euro Area
Gallo, Ettore - 2019
In recent years, the role attached to the autonomous components of aggregate demand has attracted rising attention, as testified by the development of the Sraffian Supermulti plier model (SSM) and the attempts to include autonomous demand in the Neo-Kaleckian model. This paper reviews and...
Persistent link: https://www.econbiz.de/10011984077
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Some instability puzzles in Kaleckian models of growth and distribution : a critical survey
Hein, Eckhard; Lavoie, Marc; Treeck, Till van - 2008
We tackle the issue of the possible instability of the Kaleckian distribution and growth model and the consequences for …., Lavoie, M., van Treeck, T. (2011): Some instability puzzles in Kaleckian models of growth and distribution: A critical survey … "normal rate" of capacity utilisation in Kaleckian models of distribution and growth - a survey, in: Metroeconomica, 63(1). …
Persistent link: https://www.econbiz.de/10003783630
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Offshoring via vertical FDI in a long-run Kaleckian model
Woodgate, Ryan - 2022
This paper develops a two-country Kaleckian model in which "Northern" firms invest a fixed fraction of total investment in foreign affiliates in the low-wage "South" in order to offshore the production of intermediate goods over time and lower overall labour costs. On the back of this setup...
Persistent link: https://www.econbiz.de/10013190542