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Distribution and growth reconsidered - empirical results for Austria, France, Germany, the Netherlands, the UK and the USA
Hein, Eckhard; Dräger, Lena - 2007
We analyse the relationship between functional income distribution and economic growth in Austria, France, Germany, the … Netherlands, the UK and the USA from 1960 until 2005. The analysis is based on a demand-driven distribution and growth model for … Bhaduri/Marglin's (1990) theoretical conclusion that wage-led growth becomes less feasible when the effects of distribution on …
Persistent link: https://www.econbiz.de/10003744536
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Distribution and growth in France and Germany : single equation estimations and model simulations based on the Bhaduri/Marglin-model
Hein, Eckhard; Dräger, Lena - 2007
We analyse the relationship between functional income distribution and economic growth in France and Germany from 1960 … until 2005. The analysis is based on a demand-driven distribution and growth model for an open economy inspired by Bhaduri …/Marglin (1990), which allows for profit- or wage-led growth. First, we apply a single equation approach, estimating the effects of …
Persistent link: https://www.econbiz.de/10003744537
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Distribution and Growth Reconsidered : Empirical Results for Six OECD Countries
Hein, Eckhard - 2010
We analyse the relationship between functional income distribution and economic growth in Austria, France, Germany, the … Netherlands, the UK and the USA from 1960 until 2005. The analysis is based on a demand-driven distribution and growth model for … an open economy inspired by Bhaduri and Marglin, which allows for either profit- or wage-led growth. We find that growth …
Persistent link: https://www.econbiz.de/10012716379
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Interest rates, distribution and capital accumulation : a post-Kaleckian perspective on the US and Germany
Hein, Eckhard; Schoder, Christian - 2009
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 … increasing profit share in both countries. -- Interest rate ; distribution ; demand ; capital accumulation ; Kaleckian model …
Persistent link: https://www.econbiz.de/10009549819
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Demand regimes and the business-cycle : feedback effects between capacity utilization and income distribution taking into account overhead labor : SVAR-estimates for Germany (2007...
Hansen, Mads R. - 2024
assess short-term regimes of aggregate demand and distribution in Germany. The obtained Impulse Response Functions (IRFs) of …
Persistent link: https://www.econbiz.de/10014490713
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Opportunities and limits of rebalancing the Eurozone via wage policies : theoretical considerations and empirical illustrations for the case of Germany
Hein, Eckhard; Truger, Eckhard Achim - 2017
In this paper we discuss the relationship between the current account rebalancing in the Eu-rozone, income distribution … recently been obtained in the empirical literature estimating the German demand and growth regime based on post …-Kaleckian models. We will focus in particular on the relationship between nominal wages and functional income distribu-tion, on the one …
Persistent link: https://www.econbiz.de/10011924464
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A global decline in research productivity? : evidence from China and Germany
Boeing, Philipp; Hünermund, Paul - 2020
In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U.S. economy during the last 40 years. In this paper, we replicate their findings for China and Germany, using detailed firm-level data spanning three decades. Our results indicate that...
Persistent link: https://www.econbiz.de/10012239797
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Falling labor share and rising unemployment : long-run consequences of institutional shocks?
Berthold, Norbert; Fehn, Rainer; Thode, Eric - 1999
The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is largely neglected. Job-creation is often thought to be a matter of encouraging more employment on a given capital stock. In contrast, this paper explicitly deals with the long-run...
Persistent link: https://www.econbiz.de/10010495336
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Profit dynamics across the largest euro area countries and sectors
Maurin, Laurent; Roma, Moreno; Vetlov, Igor - 2011
This paper explores the behavior of profits in the four largest euro area countries (Germany, France, Italy and Spain) and the euro area as a whole, while at the same time considering three main sectors (manufacturing, construction and services) in each economy over the period 1988-2010. The...
Persistent link: https://www.econbiz.de/10009405591
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Supply-side effects of strong energy price hikes in German industry and transportation
Knetsch, Thomas A.; Molzahn, Alexander - 2009
transportation. Regarding the impact on the income distribution, both sectors share the pattern that in the recent episode rising … expansive wage policy in addition to the oil price shocks. -- Energy prices ; supply of goods and services ; income distribution …
Persistent link: https://www.econbiz.de/10003877500