This paper investigates the rates of technological progress, total output growth, and per capita output growth when population growth is negative by using a semi-endogenous R&D growth model. The analysis shows that within finite time, the employment share of the final goods sector reaches unity,...

This study builds a two-country Kaleckian model and investigates the effect of one country’s economic policy on both countries. In contrast to preceding studies, we consider monetary aspects as well as real aspects. Our results show that the effects on output of an increase in the nominal wage...

This paper presents a Kaleckian model of growth that incorporates endogenous technological change. The model endogenously determines the rate of capacity utilization, the rate of economic growth, income distribution, and the employment rate besides technological change. The paper shows that...

This paper presents a Kaleckian growth model that considers elements from Goodwin and Marx. The model has a system of differential equations for the rate of utilization, the profit share, and the rate of employment. We show that cyclical fluctuations occur depending on the sizes of the...

This paper presents a Kaleckian model of growth in which both technological change and income distribution are endogenously determined by inter-class conflict between capitalists and workers. Considering the adjustment speed of variables, we investigate the medium-run equilibrium and the...

We investigate the dynamic relationship between advertising and product quality under duopolistic competition. By using a simplified vertical product differentiation model with voluntary advertising, we show that the firm with larger market share has a larger advertising share and that there is...

Trade barriers can exist variably and are not just limited to tariffs. Based on a bilateraltrade model under international oligopolistic competition, we show that governments endogenouslydetermine red-tape barriers (RTBs), which are trade barriers caused by wastefuladministrative procedures. We...