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The paper investigates the relation between effective demand, income distribution and unemployment empirically. Its aim …
Persistent link: https://www.econbiz.de/10005817202
Innovative startups are frequently acquired by large incumbent firms. On the one hand, these acquisitions provide an incentive for startup creation and may transfer ideas to more efficient users. On the other hand, incumbents might acquire startups just to "kill" their ideas, and acquisitions...
Persistent link: https://www.econbiz.de/10014480717
This paper develops a growth model with land, housing services, and other goods that is capable of explaining a substantial portion of the movements in housing prices over the past forty years. Under certainty, the model exhibits a balanced aggregate growth, but with underlying sectoral change....
Persistent link: https://www.econbiz.de/10010283524
Innovative startups are frequently acquired by large incumbent firms. On the one hand, these acquisitions provide an incentive for startup creation and may transfer ideas to more efficient users. On the other hand, incumbents might acquire startups just to "kill" their ideas, and acquisitions...
Persistent link: https://www.econbiz.de/10013465631
We consider a neoclassical interpretation of Germany and Japan’s rapid postwar growth that relies on a catch-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production and investment, we are able to capture many of the...
Persistent link: https://www.econbiz.de/10004972860
real variables such as production, income, distribution, and accumulation. Contrary to Keynes’s research program of a … „monetary theory of production”, neither the older post-Keynesian models of growth and distribution (Kaldor, J. Robinson) nor … interest rate on distribution and investment within different regimes of accumulation, the „golden age“- and the „post …
Persistent link: https://www.econbiz.de/10003958507
This paper studies the effects of an (exogenous) increase of nominal wages on profits, output, and growth. Inspired by an article by Michał Kalecki (1991), who concentrated on the effects on total profits, the paper develops a model that explicitly considers the dynamics of demand, prices,...
Persistent link: https://www.econbiz.de/10009380290
This paper studies the effects of an (exogenous) increase of nominal wages on profits, output, and growth. Inspired by an article by Michał Kalecki (1991), who concentrated on the effects on total profits, the paper develops a model that explicitly considers the dynamics of demand, prices,...
Persistent link: https://www.econbiz.de/10013117904
This paper proposes a novel channel, i.e., within-firm intangible-tangible investment composition, through which financial capital flows may have non-trivial implications to allocative efficiency and productivity. Consider a model where only the tangibles can be pledged as collateral for loans....
Persistent link: https://www.econbiz.de/10012890959
accumulation and income distribution to analyze some of the impacts of the (flow of) foreign direct investment and the (stock of …) foreign productive capital on capital accumulation, economic growth and functional income distribution in a stylized economy …
Persistent link: https://www.econbiz.de/10005032392