The Paradox of Technological Progress, Growth, Distribution, and Employment in a Demand-led Framework
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Peter Skott, 2012.
"Theoretical And Empirical Shortcomings Of The Kaleckian Investment Function,"
Metroeconomica, Wiley Blackwell, vol. 63(1), pages 109-138, February.
- Peter Skott, 2008. "Theoretical and empirical shortcomings of the Kaleckian investment function," UMASS Amherst Economics Working Papers 2008-11, University of Massachusetts Amherst, Department of Economics, revised Dec 2009.
- Mario Cassetti, 2003. "Bargaining power, effective demand and technical progress: a Kaleckian model of growth," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 27(3), pages 449-464, May.
- Sasaki, Hiroaki, 2010.
"Endogenous technological change, income distribution, and unemployment with inter-class conflict,"
Structural Change and Economic Dynamics, Elsevier, vol. 21(2), pages 123-134, May.
- Hiroaki SASAKI, 2009. "Endogenous Technological Change, Income Distribution, and Unemployment with Inter-Class Conflict," TERG Discussion Papers 245, Graduate School of Economics and Management, Tohoku University.
- Roberto Veneziani & Luca Zamparelli & Daniele Tavani & Luca Zamparelli, 2017.
"Endogenous Technical Change In Alternative Theories Of Growth And Distribution,"
Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1272-1303, December.
- Daniele Tavani & Luca Zamparelli, 2017. "Endogenous Technical Change in Alternative Theories of Growth and Distribution," Working Papers 1/17, Sapienza University of Rome, DISS.
- Hiroaki Sasaki & Shinya Fujita, 2012.
"The Importance Of The Retention Ratio In A Kaleckian Model With Debt Accumulation,"
Metroeconomica, Wiley Blackwell, vol. 63(3), pages 417-428, July.
- Hiroaki Sasaki & Shinya Fujita, 2010. "The Importance of the Retention Ratio in a Kaleckian Model with Debt Accumulation," Discussion papers e-10-008, Graduate School of Economics Project Center, Kyoto University.
- Tavani, Daniele & Zamparelli, Luca, 2021. "Labor-augmenting technical change and the wage share: New microeconomic foundations," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 27-34.
- Laura Barbosa de Carvalho & Gilberto Tadeu Lima & Gustavo Pereira Serra, 2024.
"Household debt, knowledge capital accumulation, and macrodynamic performance,"
Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 47(1), pages 84-116, January.
- Laura Barbosa de Carvalho & Gilberto Tadeu Lima & Gustavo Pereira Serra, 2022. "Household Debt, Knowledge Capital Accumulation and Macrodynamic Performance," Working Papers, Department of Economics 2022_23, University of São Paulo (FEA-USP), revised 05 Dec 2022.
- Bronwyn Hall, 2004.
"The financing of research and development,"
Chapters, in: Anthony Bartzokas & Sunil Mani (ed.), Financial Systems, Corporate Investment in Innovation, and Venture Capital, chapter 2,
Edward Elgar Publishing.
- Bronwyn H. Hall, 2002. "The Financing of Research and Development," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 18(1), pages 35-51, Spring.
- Hall, Bronwyn H., 2002. "The Financing of Research and Development," Department of Economics, Working Paper Series qt34c1c643, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Bronwyn H. Hall, 2002. "The Financing of Research and Development," NBER Working Papers 8773, National Bureau of Economic Research, Inc.
- Bronwyn H. Hall, 2003. "The Financing of Research and Development," Finance 0303003, University Library of Munich, Germany.
- Hall, Bronwyn, 2002. "The Financing of Research and Development," Department of Economics, Working Paper Series qt5rf0x9gz, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Gustavo Pereira Serra, 2023.
"Household debt, student loan forgiveness, and human capital investment: a neo-Kaleckian approach,"
Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 46(1), pages 173-206, January.
- Gustavo Pereira Serra, 2021. "Household Debt, Student Loan Forgiveness, and Human Capital Investment: a neo-Kaleckian Approach," Working Papers 2112, New School for Social Research, Department of Economics.
- Takeo Hoshi & Anil Kashyap & David Scharfstein, 1991.
"Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(1), pages 33-60.
- Takeo Hoshi & Anil K. Kashyap & David Scharfstein, 1989. "Corporate structure, liquidity, and investment: evidence from Japanese industrial groups," Finance and Economics Discussion Series 82, Board of Governors of the Federal Reserve System (U.S.).
- Peter Flaschel & Peter Skott, 2006.
"Steindlian Models Of Growth And Stagnation,"
Metroeconomica, Wiley Blackwell, vol. 57(3), pages 303-338, July.
- Peter Skott & Peter Flaschel, 2004. "Steindlian Models of Growth and Stagnation," UMASS Amherst Economics Working Papers 2004-11, University of Massachusetts Amherst, Department of Economics.
- Bhaduri, Amit & Marglin, Stephen, 1990. "Unemployment and the Real Wage: The Economic Basis for Contesting Political Ideologies," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 14(4), pages 375-393, December.
- Dutt, Amitava Krishna & Veneziani, Roberto, 2020.
"A Classical Model Of Education, Growth, And Distribution,"
Macroeconomic Dynamics, Cambridge University Press, vol. 24(5), pages 1186-1221, July.
- Amitava Krishna Dutt & Roberto Veneziani, 2017. "A Classical Model of Education, Growth and Distribution," Working Papers 815, Queen Mary University of London, School of Economics and Finance.
- Hayashi, Fumio & Inoue, Tohru, 1991.
"The Relation between Firm Growth and Q with Multiple Capital Goods: Theory and Evidence from Panel Data on Japanese Firms,"
Econometrica, Econometric Society, vol. 59(3), pages 731-753, May.
- Fumio Hayashi & Tohru Inoue, 1990. "The Relation Between Firm Growth and Q with Multiple Capital Goods: Theory and Evidence from Panel Data on Japanese Firms," NBER Working Papers 3326, National Bureau of Economic Research, Inc.
- Amitava Krishna Dutt, 2006. "Aggregate Demand, Aggregate Supply and Economic Growth," International Review of Applied Economics, Taylor & Francis Journals, vol. 20(3), pages 319-336.
- Himmelberg, Charles P & Petersen, Bruce C, 1994.
"R&D and Internal Finance: A Panel Study of Small Firms in High-Tech Industries,"
The Review of Economics and Statistics, MIT Press, vol. 76(1), pages 38-51, February.
- Charles P. Himmelberg & Bruce C. Petersen, 1991. "R&D and internal finance: a panel study of small firms in high-tech industries," Working Paper Series, Macroeconomic Issues 91-25, Federal Reserve Bank of Chicago.
- Lance Taylor & Duncan K Foley & Armon Rezai, 2019. "Demand drives growth all the way: Goodwin, Kaldor, Pasinetti and the Steady State," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 43(5), pages 1333-1352.
- Sébastien Charles, 2008. "Corporate debt, variable retention rate and the appearance of financial fragility," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 32(5), pages 781-795, September.
- Dutt, Amitava Krishna, 1987. "Alternative Closures Again: A Comment on 'Growth, Distribution and Inflation.'," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 11(1), pages 75-82, March.
- Gilberto Tadeu Lima, 2004. "Endogenous Technological Innovation, Capital Accumulation And Distributional Dynamics," Metroeconomica, Wiley Blackwell, vol. 55(4), pages 386-408, November.
- Leonce Ndikumana, 1999. "Debt Service, Financing Constraints, and Fixed Investment: Evidence from Panel Data," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 21(3), pages 455-478, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Sasaki, Hiroaki, 2012.
"Is the long-run equilibrium wage-led or profit-led? A Kaleckian approach,"
Structural Change and Economic Dynamics, Elsevier, vol. 23(3), pages 231-244.
- Hiroaki Sasaki, 2011. "Is the Long-run Equilibrium Wage-led or Profit-led? A Kaleckian Approach," Discussion papers e-11-002, Graduate School of Economics Project Center, Kyoto University.
- Hiroaki Sasaki & Shinya Fujita, 2014. "Pro-shareholder income distribution, debt accumulation, and cyclical fluctuations in a post-Keynesian model with labor supply constraints," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 11(1), pages 10-30, April.
- Sasaki, Hiroaki & Sonoda, Ryunosuke, 2024. "Income Redistribution Policy, Growth, Inequality, and Employment: A Long-Run Kaleckian Approach," MPRA Paper 121968, University Library of Munich, Germany.
- Pintu Parui, 2023.
"Worker household debt, functional income distribution and growth: A neo‐Kaleckian perspective,"
Metroeconomica, Wiley Blackwell, vol. 74(2), pages 446-476, May.
- Parui, Pintu, 2020. "Worker Household Debt, Functional Income Distribution and Growth: a neo-Kaleckian Perspective," MPRA Paper 102384, University Library of Munich, Germany.
- Roberto Veneziani & Luca Zamparelli & Daniele Tavani & Luca Zamparelli, 2017.
"Endogenous Technical Change In Alternative Theories Of Growth And Distribution,"
Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1272-1303, December.
- Daniele Tavani & Luca Zamparelli, 2017. "Endogenous Technical Change in Alternative Theories of Growth and Distribution," Working Papers 1/17, Sapienza University of Rome, DISS.
- Eckhard Hein, 2017.
"Post-Keynesian macroeconomics since the mid 1990s: main developments,"
European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 14(2), pages 131-172, September.
- Hein, Eckhard, 2016. "Post-Keynesian macroeconomics since the mid-1990s: Main developments," IPE Working Papers 75/2016, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
- Eckhard Hein, 2017. "Post-Keynesian macroeconomics since the mid-1990s - main developments," FMM Working Paper 01-2017, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
- Hiroaki Sasaki, 2013.
"Cyclical growth in a Goodwin–Kalecki–Marx model,"
Journal of Economics, Springer, vol. 108(2), pages 145-171, March.
- Hiroaki SASAKI, 2009. "Cyclical Growth in a Goodwin-Kalecki-Marx Model," TERG Discussion Papers 246, Graduate School of Economics and Management, Tohoku University.
- Eckhard Hein & Artur Tarassow, 2010.
"Distribution, aggregate demand and productivity growth: theory and empirical results for six OECD countries based on a post-Kaleckian model,"
Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 34(4), pages 727-754.
- Eckhard Hein & Artur Tarassow, 2008. "Distribution, aggregate demand and productivity growth - theory and empirical results for six OECD countries based on a Post-Kaleckian model," IMK Working Paper 18-2008, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
- Eckhard Hein, 2012. "The Macroeconomics of Finance-Dominated Capitalism – and its Crisis," Books, Edward Elgar Publishing, number 14931, March.
- Hiroaki Sasaki & Ryunosuke Sonoda & Shinya Fujita, 2013.
"International Competition and Distributive Class Conflict in an Open Economy Kaleckian Model,"
Metroeconomica, Wiley Blackwell, vol. 64(4), pages 683-715, November.
- Hiroaki Sasaki & Ryunosuke Sonoda & Shinya Fujita, 2012. "International Competition and Distributive Class Conflict in an Open Economy Kaleckian Model," Discussion papers e-12-005, Graduate School of Economics Project Center, Kyoto University.
- Schoder, Christian, 2014. "Instability, stationary utilization and effective demand: A structuralist model of endogenous cycles," Structural Change and Economic Dynamics, Elsevier, vol. 30(C), pages 10-29.
- Parui, Pintu, 2021.
"The Macroeconomic Effects of Financialization and the Wage Gap between Blue and White Collar Workers,"
Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 416-443.
- Parui, Pintu, 2020. "The Macroeconomic Effects of Financialization and the Wage Gap between Blue and White Collar Workers," MPRA Paper 101412, University Library of Munich, Germany.
- Stamegna, Marco, 2022. "A Kaleckian growth model of secular stagnation with induced innovation," MPRA Paper 113794, University Library of Munich, Germany.
- Hiroaki Sasaki, 2024. "Effects of product and process innovation on growth and unemployment," SN Business & Economics, Springer, vol. 4(11), pages 1-32, November.
- Taro, Abe, 2012. "Technical progress and maturity in a Kaleckian model of growth with an endogenous employment rate," MPRA Paper 37308, University Library of Munich, Germany.
- Gustavo Pereira Serra, 2024. "(Trying to) Catch Up with the Higher-Skilled Joneses: Student loans in a segmented educational market from a Post-Keynesian perspective," Working Papers 2412, New School for Social Research, Department of Economics.
- Nishi, Hiroshi & Stockhammer, Engelbert, 2020. "Distribution shocks in a Kaleckian model with hysteresis and monetary policy," Economic Modelling, Elsevier, vol. 90(C), pages 465-479.
- Sasaki, Hiroaki, 2020. "Product and Process Innovation, Keynesian Unemployment, and Economic Growth," MPRA Paper 101031, University Library of Munich, Germany.
- Parui, Pintu, 2021.
"Financialization and endogenous technological change: A post-Kaleckian perspective,"
Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 221-244.
- Parui, Pintu, 2018. "Financialization and Endogenous Technological Change: a Post-Kaleckian Perspective," MPRA Paper 89351, University Library of Munich, Germany.
- Parui, Pintu, 2018. "Financialization and Endogenous Technological Change: a Post-Kaleckian Perspective," MPRA Paper 100758, University Library of Munich, Germany, revised 02 Apr 2020.
- Dávila-Fernández, Marwil J. & Sordi, Serena, 2019.
"Distributive cycles and endogenous technical change in a BoPC growth model,"
Economic Modelling, Elsevier, vol. 77(C), pages 216-233.
- Marwil J. Dávila-Fernández & Serena Sordi, 2017. "Distributive cycles and endogenous technical change in a BoPC growth model," Department of Economics University of Siena 760, Department of Economics, University of Siena.
More about this item
Keywords
endogenous technological progress; education; R&D; growth and distribution;All these keywords.
JEL classification:
- E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
- E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
- O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
NEP fields
This paper has been announced in the following NEP Reports:- NEP-GRO-2024-09-16 (Economic Growth)
- NEP-HME-2024-09-16 (Heterodox Microeconomics)
- NEP-PKE-2024-09-16 (Post Keynesian Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:121694. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.