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Distribution and growth reconsidered - empirical results for Austria, France, Germany, the Netherlands, the UK and the USA
Hein, Eckhard; Dräger, Lena - 2007
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
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Distribution and growth in France and Germany : single equation estimations and model simulations based on the Bhaduri/Marglin-model
Hein, Eckhard; Dräger, Lena - 2007
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
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Distribution and Growth Reconsidered : Empirical Results for Six OECD Countries
Hein, Eckhard - 2010
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
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Distribution, aggregate demand and productivity growth : theory and empirical results for six OECD countries based on a post-Kaleckian model
Hein, Eckhard; Tarassow, Artur - 2008
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
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Interest rates, distribution and capital accumulation : a post-Kaleckian perspective on the US and Germany
Hein, Eckhard; Schoder, Christian - 2009
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
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Demand regimes and the business-cycle : feedback effects between capacity utilization and income distribution taking into account overhead labor : SVAR-estimates for Germany (2007...
Hansen, Mads R. - 2024
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
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Opportunities and limits of rebalancing the Eurozone via wage policies : theoretical considerations and empirical illustrations for the case of Germany
Hein, Eckhard; Truger, Eckhard Achim - 2017
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
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A global decline in research productivity? : evidence from China and Germany
Boeing, Philipp; Hünermund, Paul - 2020
In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U.S. economy during the last 40 years. In this paper, we replicate their findings for China and Germany, using detailed firm-level data spanning three decades. Our results indicate that...
Persistent link: https://www.econbiz.de/10012239797
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Falling labor share and rising unemployment : long-run consequences of institutional shocks?
Berthold, Norbert; Fehn, Rainer; Thode, Eric - 1999
The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is largely neglected. Job-creation is often thought to be a matter of encouraging more employment on a given capital stock. In contrast, this paper explicitly deals with the long-run...
Persistent link: https://www.econbiz.de/10010495336
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Profit dynamics across the largest euro area countries and sectors
Maurin, Laurent; Roma, Moreno; Vetlov, Igor - 2011
This paper explores the behavior of profits in the four largest euro area countries (Germany, France, Italy and Spain) and the euro area as a whole, while at the same time considering three main sectors (manufacturing, construction and services) in each economy over the period 1988-2010. The...
Persistent link: https://www.econbiz.de/10009405591