Distribution, aggregate demand and productivity growth: theory and empirical results for six OECD countries based on a post-Kaleckian model

By Eckhard Hein, Artur Tarassow. 2010

175 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/ddeba0b33103137ee965ab129b57eaaa9b7f1014

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Citations in the corpus

Conspicuous Consumption, Inequality and Debt: The Nature of Consumption‐driven Profit‐led Regimes (2015, unknown): “…by a wage-led or a profit-led demand regime.1 While the empirical results are often ambiguous (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),…”
Macroeconomic Policy Mix, Employment and Inflation in a Post-Keynesian Alternative to the New Consensus Model (2010, background): “See Bhaduri (2006) on the theoretical arguments, and Hein & Tarassow (2009), Naastepad (2006) and Naastepad & Storm (2007) for empirical analysis. curve flatter by means of reducing workers’ and firms’ inflation push in the face of unexpected inflation, which means increasing firms’ and workers’…”
Demand-led growth and accommodating supply (2020, unknown): “Bhaduri (2006) links labor productivity to “labor discipline” by positing that labor productivity grows faster when unemployment is lower to keep real wages from rising due to labor shortages.”
Testing the Bhaduri–Marglin model with OECD panel data (2014, unknown): “open economies, as in Germany, France, the UK and the USA, tends to be wage-led, whereas for small open economies, as the Netherlands and Austria, some studies have obtained profitled results” (Hein and Tarassow, 2010, p. 750). This conclusion is by and large buttressed by studies focussing on other”
Europe’s Hunger Games: Income Distribution, Cost Competitiveness and Crisis (2015, background): “Lower wage growth further means lower aggregate demand growth (as shown in Table 4), and this limits the deepening of the division of labour and slows down the process of learning by doing (Hein and Tarassow, 2010).”