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In a Kaleckian distribution and growth model with workers' debt we examine the short- and long-run effects of three … in capital stock, re-distribution of income at the expense of the wage share, and increasing lending of rentiers to …
Persistent link: https://www.econbiz.de/10010309123
-Kaleckian endogenous growth model, we examine the effects of increasing shareholder power on the demand regime, on the productivity regime … capital accumulation and productivity growth and hence on potential growth of the economy. However, such a regime does not …
Persistent link: https://www.econbiz.de/10010309125
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 investment, saving and distribution function. Estimating these core …
Persistent link: https://www.econbiz.de/10010309130
-regulation and downsizing of the financial sector, the re-distribution of income (and wealth) from top to bottom and from capital to …
Persistent link: https://www.econbiz.de/10011431825
Starting from a review of the main strands of orthodox and heterodox distribution and growth models and their … variant of heterodox distribution and growth theories, we develop a simple modelling framework in which we can treat these … model, new neoclassical growth theories, classical/Marxian distribution and growth approaches, and post-Keynesian Kaldor …
Persistent link: https://www.econbiz.de/10011450856
We introduce a gender wage gap into basic one-good textbook versions of the neo-Kaleckian distribution and growth model … and examine the effects of improving gender wage equality on income distribution, aggregate demand, capital accumulation … and productivity growth. For the closed economy model, reducing the gender wage gap has no effect on the profit share, and …
Persistent link: https://www.econbiz.de/10012215452
/post-Keynesian approaches towards distribution and growth, the Kaldor-Robinson, the Kalecki-Steindl and the Sraffian Supermultiplier model. …-run macroeconomics and provide a simple short-run model, which is built on the principle of effective demand, as well as on distribution …
Persistent link: https://www.econbiz.de/10014584244
towards distribution and growth. … distribution conflict between different social groups (or classes): rentiers, managers and workers. Finally, we will move to the …
Persistent link: https://www.econbiz.de/10011381299
role to play, if at all, but the interaction between distribution and growth is at the centre of Marxian and post … will thus provide Marxian and Kaleckian assessments of the distribution and growth regimes under finance …The re-distribution of income from labour to capital, from workers to top-managers, and from low income households to …
Persistent link: https://www.econbiz.de/10011797482
countries. Despite these similar developments in inequality, the growth performance and drivers for growth differed markedly … among countries, allowing clusters of different growth regimes to be identified. Among them two extreme types: the debt … institutional structure and regulatory framework, affects growth differently, explaining the occurrence of both regime types. Based …
Persistent link: https://www.econbiz.de/10011449229