A neo-kaleckian explanation of the bidirectional relationship between growth and distribution

被引：0
|
作者：
Orihuela, Daniel Velazquez [1 ]
机构：
[1] Univ Autonoma Estado Hidalgo, Pachuca, Hidalgo, Mexico
来源：
PROBLEMAS DEL DESARROLLO | 2022年 / 53卷 / 211期
关键词：
neo-kaleckian; growth; distribution; wage; led growth; earnings-led growth; WAGE;
D O I：
10.22201/iiec.20078951e.2022.211.69875
中图分类号：
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号：
0201 ; 020105 ; 03 ; 0303 ;
摘要：
A neo-kaleckian model is proposed to analyze the bidirectional relationship between growth and income distribution. To do this, the price equation of Kalecki (1971) is modified and the model of Bhaduri and Marglin (1990) is extended. If the growth is wage-led, then the income path is shown to be cyclical. In contrast, if it is profit-driven, it is sustained. In this last scenario, income is concentrated in profits because the profit rate is higher than the growth rate. Finally, it is argued that if the state redistributes income in a greater amount than the market concentrates it, wage-led growth can be sustained.
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页码：107 / 132
页数：26
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