Dramatic changes in the relative prices of goods in international trade have accompanied, and indeed preceded, the recent global crisis. The causes and effects of the relative price changes are analysed by applying the analysis of business cycles developed by Joseph Schumpeter. Schumpeter’s...

We analyse the effects of interest rate variations on the rates of capacity utilisation, capital accumulation and profit in a simple post-Kaleckian distribution and growth model. This model gives rise to different potential accumulation regimes depending on the values of the parameters in the...

This paper examines the interrelation between exporting and productivity performance by using a representative sample of Indian manufacturing firms over the period 1994--2006. Specifically, we attempt to test the empirical validity of the learning‐by‐exporting and the self‐selection...