This study builds an income distribution and growth model within a simple multi-sectoral Kaleckian framework. The model has heterogeneous features in each sector in that the responses of saving and investment to changes in macroeconomic performance differ sectorally, and there are also different...

This paper investigates the dynamic relationships among income distribution, debt ratio, and capital accumulation in the Japanese economy post 1990s. The paper identifies the contemporaneous linkages and investigates the dynamic relationships among the three variables in the vector...