Cyclical patterns of employment, utilization and profitability

The interaction between income distribution, accumulation, employment and the utilization of capital is central to macroeconomic models in the `heterodox' tradition. This paper examines the stylized pattern of these variables using US data for the period after 1948. We look at the trends and cycles in individual time series and examine the bivariate cycical patterns among the variables. JEL Categories: E12, E32, O41

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Year of publication:	2010-04
Authors:	Zipperer, Ben ; Skott, Peter
Institutions:	Department of Economics, University of Massachusetts-Amherst
Subject:	growth \| business cycles \| aggregate demand \| instability \| income distribution \| utilization rate \| investment function \| pricing

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Extent:	application/pdf
Series:	UMASS Amherst Economics Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008469954