A simple neo-Kaleckian open-economy model is presented and its implications for growth regimes are analyzed. The … incorporating the Harrodian principle of instability and autonomous growth in foreign demand. It is demonstrated that some aspects … average rates of production growth and capital accumulation. However, the long-run impact of a change in the profit share is …

growth and distribution where the distribution of income reacts to changes in the employment rate. A peculiar feature of …

growth and distribution where the distribution of income reacts to changes in the employment rate. A peculiar feature of …

overhead managerial labour and direct labour into a neo-Kaleckian growth model with target-return pricing, where an … overhead labour costs in the coevolution of income distribution and economic growth. When overhead labour is taken into account … capacity and in the growth rate of sales expected by firms. We examine the parametric conditions under which the model achieves …

overhead managerial labour and direct labour into a neo-Kaleckian growth model with target-return pricing, where an … overhead labour costs in the coevolution of income distribution and economic growth. When overhead labour is taken into account … capacity and in the growth rate of sales expected by firms. We examine the parametric conditions under which the model achieves …

analysis of economic growth. The new closure follows from the assumption of the existence of autonomous non …-Kaleckian closures) allows us to reconcile demand-led growth, exogenous distribution, and a tendency towards normal capacity utilization. …

distribution and growth unique to the Kaleckian model is thus preserved. The hysteresis mechanism has been criticized from various …