Convergence Towards the Normal Rate of Capacity Utilization in Neo‐Kaleckian Models: The Role of Non‐Capacity Creating Autonomous Expenditures

By M. Lavoie. 2016

169 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/3523eef225b78bcbed02aa0b2217cf20dc2c1771

Citations in the corpus

• Demand-led growth and accommodating supply (2020, unknown): “But as argued by Lavoie (2016) and Dutt (2019), a rise in the wage share will shift the level of the steady-state path upward (see equation 4) and therefore increase the average growth rate as the system converges toward a new steady state.”