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This paper develops a multi-country post-Kaleckian demand-led growth model that incorporates the role of the government …
Persistent link: https://www.econbiz.de/10011924544
Persistent link: https://www.econbiz.de/10011660912
This paper compares Cambridge and neo-Kaleckian growth theory. Both are members of the post-Keynesian approach to … growth and distribution, but the Cambridge model is a hybrid of Keynesian and classical features whereas the neo … steady-state growth and distribution. That class structure can be included in the neo-Kaleckian model, generating a variant …
Persistent link: https://www.econbiz.de/10010711803
infer and rationalize that expansionary fiscal policy in the Cambridge growth model reduces capitalists’ long …
Persistent link: https://www.econbiz.de/10011133456
This paper analyzes the relationship between functional income distribution aggregate demand and economic growth in …
Persistent link: https://www.econbiz.de/10012387910
This paper analyzes the relationship between functional income distribution aggregate demand and economic growth in …
Persistent link: https://www.econbiz.de/10012406275
link and hence the major brakes against capital accumulation and growth. The paper concludes with alternative progressive …
Persistent link: https://www.econbiz.de/10014363268
An increase in the wage share has contradictory effects on the subaggregates of aggregate demand. Private consumption expenditures ought to increase because wage incomes typically are associated with higher consumption propensities than capital incomes. Investment expenditures ought to be...
Persistent link: https://www.econbiz.de/10014211364
The empirical literature on neo-Goodwinian models of growth and distribution still lacks an explicit treatment of …
Persistent link: https://www.econbiz.de/10013448820
A longstanding criticism to Keynesian and Kaleckian growth theories is the question: why would firms operating with …. The implications for growth and distribution depend on how the model is closed: (iv) with a distributive closure …, equilibrium growth and profitability are both strictly below their socially-coordinated counterpart; (v) with an exogenous labor …
Persistent link: https://www.econbiz.de/10011891347