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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

, Frankreich, Deutschland, den Niederlanden, Großbritannien und den USA für den Zeitraum von 1960 bis 2005 untersucht. In Anlehnung …, dass das Wachstum in Frankreich, Deutschland, Großbritannien und den USA lohngetrieben war, wohingegen Österreich und die … Netherlands, the UK and the USA from 1960 until 2005. The analysis is based on a demand-driven distribution and growth model for …

Persistent link: https://www.econbiz.de/10003744536

Distribution and growth in France and Germany - single equation estimations and model simulations based on the Bhaduri/Marglin-model

Hein, Eckhard; Vogel, Lena - 2007

The authors 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...

Persistent link: https://www.econbiz.de/10010460446

Causes and consequences of the financial crisis and the implications for a more resilient financial and economic system

Hein, Eckhard - 2016

The increasing dominance of finance starting in the late 1970s/early 1980s in the US and the UK, and somewhat later in other countries, was associated with two fundamental and structural processes generating the contradictions of this phase of development and finally the financial and economic...

Persistent link: https://www.econbiz.de/10011431645

Secular stagnation or stagnation policy? : Steindl after summers

Hein, Eckhard - 2015

The current debate on secular stagnation is suffering from some vagueness and several shortcomings. The same is true for the economic policy implications. Therefore, we provide an alternative view on stagnation tendencies based on Josef Steindl’s contributions. In particular, Steindl (1952)...

Persistent link: https://www.econbiz.de/10011349456

Autonomous government expenditure growth, deficits, debt and distribution in a neo-Kaleckian growth model

Hein, Eckhard - 2016

This paper is linked to some recent attempts at including a non-capacity creating autonomous expenditure category as the driver and determinant of growth into Kaleckian distribution and growth models. Whereas previous contributions have focussed on taming Harrodian instability, generated by the...

Persistent link: https://www.econbiz.de/10011459378

Functional distribution and wage inequality in recent Kaleckian growth models

Hein, Eckhard; Prante, Franz - 2018

This contribution provides a review of recent considerations of wage inequality in Kaleckian models of distribution and growth. On the one hand, we address modelling approaches in which a distinction is made between managers and workers, where the salaries of the former are treated as overhead...

Persistent link: https://www.econbiz.de/10011929194

Financialisation in a comparative static, stock flow consistent post-Kaleckian distribution and growth model

Hein, Eckhard - 2008

Into an analytical stock-flow consistent Post-Kaleckian distribution and growth model the following transmission channels of 'financialisaton' are integrated. 1. 'Financialisation' is assumed to affect distribution between firms and rentiers in the short run, and distribution between capital and...

Persistent link: https://www.econbiz.de/10003836933

Financialisation, distribution, growth and crises : long-run tendencies

Hein, Eckhard; Dodig, Nina - 2014

In this paper we review the empirical and theoretical literature on the effects of changes in the relationship between the financial sector and the non-financial sectors of the economy associated with 'financialisation' on distribution, growth, instability and crises. We take a macroeconomic...

Persistent link: https://www.econbiz.de/10010242861

Financial, economic and social systems : French Regulation School, Social Structures of Accumulation and Post-Keynesian approaches compared

Hein, Eckhard; Dodig, Nina; Budyldina, Natalia - 2014

This paper surveys some of the important literatures on financial, economic and social systems with an eye towards explaining the tendencies towards 'financialisation'. We focus on important strands of this literature: the French Regulation School, the US-based Social Structures of Accumulation...

Persistent link: https://www.econbiz.de/10010242863

Interest, debt and capital accumulation - a Kaleckian approach ; paper presented at the conference "Understanding Economic Growth: New Directions in Theory and Policy", Downing Col...

Hein, Eckhard - 2005

In the present paper we explicitly introduce interest payments and debt into a Kaleckian distribution and growth model with an investment function very close to Kalecki's original writings. The effects of interest rate variations on the short-run equilibrium values of capacity utilisation,...

Persistent link: https://www.econbiz.de/10003744524