Search Results - subject:"Goodwin cycle"

Goodwin, Baumol & Lewis: How structural change can lead to inequality and stagnation

Rada, Codrina; Schiavone, Ansel; von Arnim, Rudiger - 2021

This paper presents a classical-Keynesian one sector model of labor-constrained growth that explains secular stagnation as the result of structural change. Structural change is defined as an exogenous increase in the employment share of stagnant activities, which exhibit no or low labor...

Persistent link: https://www.econbiz.de/10013269255

Goodwin, Baumol & Lewis: how structural change can lead to inequality and stagnation

Rada, Codrina; Schiavone, Ansel; Von Arnim, Rudiger - 2021

Persistent link: https://www.econbiz.de/10012621640

Income distribution and economic activity : a frequency domain causal exploration

Barrales-Ruiz, Jose; Von Arnim, Rudiger; Mohammed, Mikidadu - In: Metroeconomica : international review of economics 74 (2023) 2, pp. 306-327

Persistent link: https://www.econbiz.de/10014311068

Goodwin, Baumol & Lewis : how structural change can lead to inequality and stagnation

Rada, Codrina; Schiavone, Ansel; Von Arnim, Rudiger - In: Metroeconomica : international review of economics 73 (2022) 4, pp. 1070-1093

Persistent link: https://www.econbiz.de/10013396221

Pseudo-Goodwin Cycles in a Minsky Model

Stockhammer, Engelbert; Michell, Jo - Post Keynesian Economics Study Group - PKSG - 2014

income distribution. The paper proposes the concept of a pseudo-Goodwin cycle. We define this as a counter-clockwise movement … distribution. But the model does exhibit a pseudo-Goodwin cycle in the output-wage share space. This holds true even if we … share cannot be regarded as proof of the existence of a Goodwin cycle and a profit-led demand regime. …

Persistent link: https://www.econbiz.de/10010851106

Pseudo-Goodwin cycles in a Minsky model

Stockhammer, Engelbert; Michell, J. - In: Cambridge journal of economics 41 (2017) 1, pp. 105-125

Persistent link: https://www.econbiz.de/10011661043

Goodwin or Kalecki in Demand? Functional Income Distribution and Aggregate Demand in the Short Run

Stockhammer, Engelbert; Stehrer, Robert - Political Economy Research Institute (PERI), University … - 2009

In a seminal paper on Marxian business cycle theory, Richard Goodwin (1967) presented a model which assumed that a higher wage share leads to lower investment and thus a general economic slowdown. In contrast, Michal Kalecki (1971) argued that a higher wage share would have an expansionary...

Persistent link: https://www.econbiz.de/10008500871

Goodwin or Kalecki in Demand? Functional Income Distribution and Aggregate Demand in the Short Run

Stockhammer, Engelbert; Stehrer, Robert - In: Review of Radical Political Economics 43 (2011) 4, pp. 506-522

In a seminal paper on Marxian business cycle theory, Goodwin (1967) presented a model which assumed that a higher wage share leads to lower investment and thus a general economic slowdown. In contrast Kalecki (1971) was arguing that a higher wage share would have an expansionary effect because...

Persistent link: https://www.econbiz.de/10010797021

Goodwin or Kalecki in demand? : functional income distribution and aggregate demand in the short run

Stockhammer, Engelbert; Stehrer, Robert - In: Review of radical political economics 43 (2011) 4, pp. 506-522

Persistent link: https://www.econbiz.de/10009621384