-Kaleckian tradition to predict the dynamics of aggregate employment. The model for the demand regime is estimated with - and Baumol …'s model for the productivity regime is calibrated on - OECD data. The trajectory for employment predicted by the combination … of the two models tracks the actual employment dynamics in the OECD over the period 1970-2010 remarkably well. …

-Kaleckian tradition to predict the dynamics of aggregate employment. The model for the demand regime is estimated with – and Baumol …’s model for the productivity regime is calibrated on – OECD data. The trajectory for employment predicted by the combination … of the two models tracks the actual employment dynamics in the OECD over the period 1970-2010 remarkably well …

After 10 years of impressive growth, India is now the fourth largest economy in the world. Yet, to date, Indias' impact …