Accumulation, distribution and employment: a structural VAR approach to a Kaleckian macro model.

By Engelbert Stockhammer, Özlem Onaran. 2004

172 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/96da2e13626c2809ad5046b07b08fb818d9a2893

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In Economics and Econometrics

Citations in the corpus

Financialisation, income distribution and aggregate demand in the USA (2011, background): “Stockhammer and Onaran (2004) estimate a structural Vector Autoregression (VAR) model for the USA, UK and France, where they conclude that the impact of income distribution on demand and employment is very weak and statistically insignificant.”
Wage-led growth in the EU15 member-states: the effects of income distribution on growth, investment, trade balance and inflation (2016, methodology): “The main alternative, a vector autoregression model (VAR), estimates the goods market equilibrium in a full model and has been applied by Onaran and Stockhammer (2005) and Stockhammer and Onaran (2004), and Barbosa-Filho and Taylor (2006) among others.”
Functional income distribution and aggregate demand in the Euro area (2008, methodology): “Stockhammer and Onaran (2004) present a system estimator approach.”
Globalization and the effects of changes in functional income distribution on aggregate demand in Germany (2011, methodology): “Endogenizing income distribution nevertheless would require a different modeling strategy, such as the structural VAR approach of Stockhammer and Onaran (2004).”
Is the Nairu Theory a Monetarist, New Keynesian, Post Keynesian or a Marxist Theory? (2008, background): “17 The empirical identification of demand regime has been the subject of several studies recently (Bowles and Boyer, 1995; Stockhammer and Onaran, 2004; Naastepad and Storm, 2006–7; Hein and Vogel, 2007; Stockhammer et al., 2007).”
Testing the Bhaduri–Marglin model with OECD panel data (2014, unknown): “Thus far, the main focus has been on seven countries: Austria, France, Germany, Japan, the Netherlands, the UK and the US (see Bowles and Boyer 1995; Stockhammer and Onaran 2004; Naastepad 2006; Naastepad and Storm 2006-7;2 Ederer and Stockhammer 2007; Stockhammer and Ederer 2008; Hein and Vogel…”
Income Distribution and Growth: A Global Model (2014, methodology): “The main alternative, a VAR approach [as used by Barbosa-Filho and Taylor (2006), Onaran and Stockhammer (2005), Stockhammer and Onaran (2004)], would require substantial simplification of the model as these models cannot handle more than five endogenous variables.”
Interest rates, distribution and capital accumulation – A post-Kaleckian perspective on the US and Germany (2011, result): “Onaran et al. (2009) find that positive and negative effects of changes in the wage share for the US cancel out each other, a result that confirms the findings by Stockhammer and Onaran (2004), which did not obtain significant effects of distribution on aggregate demand.”
Profit maximising goes global: the race to the bottom (2015, methodology): “2Our model is standard and informed by a rich literature on demand-distribution interactions (BarbosaFilho and Taylor (2007), Nikiforos and Foley (2012), Stockhammer and Onaran (2004), Storm and Naastepad (2012).”
Demand effects of the falling wage share in Austria (2008, methodology): “Stockhammer and Onaran (2004) estimate a structural VAR model consisting of the variables capital accumulation, capacity utilization, profit share, unemployment rate and labour productivity growth for the USA, UK and France.”
Conspicuous Consumption, Inequality and Debt: The Nature of Consumption‐driven Profit‐led Regimes (2015, unknown): “…(see e.g. Bowles and Boyer, 1995; Gordon, 1995; Hein and Tarassow, 2010; Hein and Vogel, 2008; Naastepad, 2006; Naastepad and Storm, 2006-7; Stockhammer and Onaran, 2004; Stockhammer et al., 2009), the theoretical concept itself is fairly clear-cut: a country finds itself in a profit-led…”
Debt-driven growth? Wealth, distribution and demand in OECD countries (2016, background): “Stockhammer and Onaran (2004), estimate five variable VARs for the US, UK and France using data from the early 1960s to the late 1990s and find weak evidence for wage-led demand.”