Financialisation and the slowdown of accumulation

By Engelbert Stockhammer. 2004

1,074 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/2dec68d3541754ab58ee3522959cf8af3b3d057b

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Citations in the corpus

Macroeconomic and institutional determinants of financialisation of non-financial firms: Case study of Turkey (2014, methodology): “Finally, using an investment function, Stockhammer (2004) found support for negative effect of financialization on capital accumulation for four major Organisation for Economic Co-operation and Development countries (France, Germany, the United Kingdom, and the United States).”
Food and finance: the financial transformation of agro-food supply chains (2014, background): “…has transferred income from the real sector to the financial sector, the process has contributed to stagnating wages for workers and increased income inequality, resulting in slower economic growth and rising volatility (Stockhammer 2004, Palley 2007, Baud and Durand 2012, Wolff 2013).”
The Power of Transnational Private Governance: Financialization and the IASB (2007, background): “…exactly to the stated purpose of FVA as sold by its proponents,63 and 55 Aglietta & Reberioux 2005 56 OECD 2004 57 Ibid: part 2, section IV 58 Stockhammer 2004 59 Aglietta and Breton 2001 60 Froud et al 2000 61 Williams 2000 62 Boyer 2000 63 Damant 2003a also to the IASB’s standards more…”
Wage-led versus profit-led demand regimes: the long and the short of it (2016, background): “, Stockhammer et al. (2011), who estimate the equations in log differences so that the coefficients are elasticities.”
Subordinated Financial Integration and Financialisation in Emerging Capitalist Economies: The Brazilian Experience (2018, background): “The derivatives operations of NFCs acted as counterparties to the operations of financial actors, allowing them to further expand their positions.”
Financialization and the global economy (2010, background): “After the South East Asian financial crisis, several Asian countries (notably China) pursued a strategy of undervaluation, which has proven quite 8 Financialization is part of the globalization of production.”
Interest rates, distribution and capital accumulation – A post-Kaleckian perspective on the US and Germany (2011, background): “Since nominal interest payments also compensate for capital losses due to inflation, Epstein and Jayadev (2005) have extended the analysis for 15 OECD countries (1960–2000), correcting the share of rentiers’ income in GDP for inflation.”
THE MACROECONOMICS OF SHADOW BANKING (2018, background): “interests as opposed to stakeholders’ interests (Stockhammer, 2004; Skott and Ryoo, 2008; Hein, 2010; Onaran et al. 2011).”
The effects of financialization on investment: evidence from firm-level data for the UK (2018, background): “The vast majority of the empirical literature on the impacts of financialization on investment is based on a macroeconomic framework (Stockhammer, 2004; van Treek, 2008; Orhangazi, 2008a; Arestis et al., 2012).”
Financialisation, income distribution and aggregate demand in the USA (2011, methodology): “One of the most important effects of financialisation on investment behaviour is due to the increased role of shareholders in the firm (Boyer, 2000; Stockhammer, 2004, 2005–6).”