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The authors analyse the relationship between functional income distribution and economic growth in Austria, France … growth model for an open economy inspired by Bhaduri/Marglin (1990), which allows for profit- or wage-led growth. We find … that growth in France, Germany, the UK, and the USA has been wage-led, whereas Austria and the Netherlands have been profit …
Persistent link: https://www.econbiz.de/10005764561
The authors analyse the relationship between functional income distribution and economic growth in France and Germany … from 1960 until 2005. The analysis is based on a demand-driven distribution and growth model for an open economy inspired … by Bhaduri/Marglin (1990), which allows for profit- or wage-led growth. First, the authors apply a single equation …
Persistent link: https://www.econbiz.de/10005764567
In Kaleckian models of distribution and growth the equilibrium rate of capacity utilisation may persistently diverge …-run endogeneity. Generally, we show that in a Kaleckian monetary distribution and growth model, which takes the major features of a …
Persistent link: https://www.econbiz.de/10005764570
In a Kaleckian monetary distribution and growth model with conflict inflation we assess the role of a Non Accelerating …
Persistent link: https://www.econbiz.de/10005764572
distribution and growth. The focus is on the effects of changes in distribution between shareholders/rentiers, firms and workers … growth. …
Persistent link: https://www.econbiz.de/10005582248
In a Kaleckian distribution and growth model with workers' debt we examine the short and long run effects of three …
Persistent link: https://www.econbiz.de/10010742213
In a Kaleckian monetary distribution and growth model with conflict inflation we assess the role of a Non …
Persistent link: https://www.econbiz.de/10011133377
We develop a Kaleckian model of growth with an endogenous employment rate and investigate the features following … the saving rate does not make the growth rate decrease, but the utilization decrease. In addition to that, an increase in … the rate of labor productivity exerts a positive impact on growth. …
Persistent link: https://www.econbiz.de/10011114362
This paper deals with the influence of different types of government expenditure on growth. It widens that proposed by … conditions different types of government expenditure are beneficial or detrimental for economic growth, comparing some results … growth traps. …
Persistent link: https://www.econbiz.de/10005042723
In this paper, we put forward a neo-Kaleckian model of growth and dsitribution. We introduce two different types of … equilibrium capacity utilisation and growth. Two different cases are explored: a) the government size is allowed to vary; b) the … Growth Theory. In fact, when capacity is underutilised, and increase in the provision of public capital may reduce the rate …
Persistent link: https://www.econbiz.de/10009371097