A simple neo-Kaleckian open-economy model is presented and its implications for growth regimes are analyzed. The … incorporating the Harrodian principle of instability and autonomous growth in foreign demand. It is demonstrated that some aspects … average rates of production growth and capital accumulation. However, the long-run impact of a change in the profit share is …

research output in the theory and empirics of growth and development. …

growth and distribution where the distribution of income reacts to changes in the employment rate. A peculiar feature of …

growth and distribution that incorporates the Sraffian supermultiplier mechanism. The key features of the model include the …

) and the export-led mercantilist regime(ELM). We demonstrate the complementarity and interdependence of these two …

one by Flaschel and co-authors, since we are explicitly in our model only focusing on demand and growth regimes, as well …

growth and distribution where the distribution of income reacts to changes in the employment rate. A peculiar feature of …

overhead managerial labour and direct labour into a neo-Kaleckian growth model with target-return pricing, where an … overhead labour costs in the coevolution of income distribution and economic growth. When overhead labour is taken into account … capacity and in the growth rate of sales expected by firms. We examine the parametric conditions under which the model achieves …