Income Distribution and Growth: A Global Model

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Throwing Out the Ballast: Growth Models and the Liberalization of German Industrial Relations (2016, methodology): “…transport equipment.5 Foreign demand is operationalized with world real GDP (excluding Germany) from the World Development Indicators database (see Onaran and Galanis 2014, for a similar choice).6 Price competitiveness is measured in two ways: as the ratio between export prices and import prices,…”
Wage-led growth in the EU15 member-states: the effects of income distribution on growth, investment, trade balance and inflation (2016, methodology): “The marginal effect of 𝜋𝜋 on 𝐼𝐼 𝑌𝑌⁄ is calculated as follows: ∆(𝐼𝐼/𝑌𝑌) ∆(𝜋𝜋) = 𝑖𝑖𝜋𝜋 𝐼𝐼 𝑅𝑅 (4) We model the effects of distribution on net exports using a stepwise approach that follows Stockhammer et al. (2009), Onaran et al. (2011) and Onaran and Galanis (2014).”
Neoliberal growth models, monetary union and the Euro crisis. A post-Keynesian perspective (2016, unknown): “Empirical studies (surveyed by Onaran and Galanis 2014) mostly conclude that private domestic demand is wage-led.”