; 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 …

In a Kaleckian distribution and growth model with workers' debt we examine the short- and long-run effects of three … in capital stock, re-distribution of income at the expense of the wage share, and increasing lending of rentiers to … financial crisis due to systemic stock-flow or stock-stock dynamics. -- Finance-dominated capitalism ; distribution ; household …

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 …

The paper investigates how including the distribution of wealth changes the demand effects of redistributing functional … income. It develops a model with an endogenous wealth distribution and shows that the endogenous rise in wealth inequality … resulting from a redistribution towards profits weakens the growth effects of this redistribution. Consequently, a wage …

This paper discusses the financial sustainability of demand-led growth models. We assume a supermultiplier growth model … in which household consumption is the autonomous component of demand that drives growth and discuss the financial … sustainability of such dynamics of growth from the perspective of the working households. We show that for positive rates of growth …

The present paper emphasizes the role of demand, income distribution, endogenous productivity reactions, and other … structural changes in the slowdown of the growth rate of output and productivity that has been observed in the United States over … slowdown in productivity growth. Moreover, it is argued that the increasingly oligopolistic and financialized structure of the …

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 …

This paper presents a simple illustrative post-Kaleckian model of distribution and growth that incorporates personal … income inequality can potentially have contrary effects on aggregate demand and growth. It can illustrate some of the major … cascades from the very top to the very bottom of the distribution. For Germany, we fail to find compelling evidence for …

and functional income distribution on national current account balances. Each country has a household sector and a non … related to shifts in the functional income distribution at the expense of the household sector. …