Showing 1 - 10 of 2,042
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
-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/10011431645
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
the financial sector and the non-financial sectors of the economy associated with 'financialisation' on distribution …, growth, instability and crises. We take a macroeconomic perspective and examine four channels of transmission of … financialisation to the macroeconomy: first, the effect on income distribution, second, the effects on investment in capital stock …
Persistent link: https://www.econbiz.de/10010242861
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
recent stylized facts on growth, distribution and education for the US. …We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary … to the received wisdom, we show that human capital accumulation is not necessarily growth-inducing and inequality …
Persistent link: https://www.econbiz.de/10011596523
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
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