Showing 1 - 10 of 1,885
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
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
distribution and growth. The focus is on the effects of changes in distribution between shareholders/rentiers, firms and workers … shareholder power in Kaleckian/Post-Kaleckian models of distribution and growth, in: Review of Political Economy, 22(2). … growth.A revised version of this paper was published as: Hein, E., van Treeck, T. (2010): Financialisation and rising …
Persistent link: https://www.econbiz.de/10003747641
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
This paper develops a multi-country post-Kaleckian demand-led growth model that incorporates the role of the government …. One novelty of this paper is to integrate crosscountry effects of both changes in income distribution and fiscal policy …. The model is used to estimate econometrically the effects of income distribution and fiscal policy on the components of …
Persistent link: https://www.econbiz.de/10011924544
increasing globalisation. In this paper we extend this type of analysis and integrate the effects on productivity growth …, theoretically and empirically. Productivity growth is introduced into the theoretical model making use of the Verdoorn effect or of … Kaldor's technical progress function and hence of a positive relationship between GDP or capital stock growth and …
Persistent link: https://www.econbiz.de/10003772369
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
; distribution ; capital accumulation ; productivity growth ; Kaleckian model …-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/10009549822
We review post-Keynesian assessments of the macroeconomic demand and growth impacts of financialisation. First, we … examine the channels of influence of financialisation on distribution and on the different components of private aggregate … important result is the emergence of 'profits without investment' demand and growth regimes, for which we point out the …
Persistent link: https://www.econbiz.de/10014490639
From its publication in The Times in 1933, John Maynard Keynes’s investment multiplier sparked much debate and controversy. Can an investment generate 3 or 4 times its value in income within one year? To date, no one has questioned the theoretical merits of this multiplier. Even the biggest...
Persistent link: https://www.econbiz.de/10013213793