Reconsidering the Investment-Profit Nexus in Finance-Led Economies: An ARDL-Based Approach

By Till van Treeck. 2008

157 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/e93aa6fb7a7ac383b7258f857e06bffe534a4cf9

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In Economics and Econometrics

Citations in the corpus

Post-Keynesian Theories of the Firm under Financialization (2009, background): “The second type of policy implies an acceptance by managers of an increased real (as opposed to financial) fragility: it converts a financial risk into a real risk (Dallery and van Treeck 2008).”
Interest rates, distribution and capital accumulation – A post-Kaleckian perspective on the US and Germany (2011, background): “This has previously mostly been found in micro-econometric investment estimations.30 The macro-econometric exceptions are van Treeck (2008) and Onaran et al. (2009).”
A synthetic, stock--flow consistent macroeconomic model of 'financialisation' (2009, unknown): “Note also that econometric estimation for the US by van Treeck (2007) suggests that net dividend payments have had a stronger negative effect on accumulation than net interest payments in recent decades.”
Financialisation, income distribution and aggregate demand in the USA (2011, background): “…dividend payments as a ratio to GDP.5 Rentier income with a separate marginal propensity to save has been introduced in earlier postKeynesian models, which emphasise the importance of distribution on spending, hence savings and accumulation (Steindl, 1952; Dutt, 1992; Hein and van Treeck, 2008).”
‘Financialisation’ in Post-Keynesian Models of Distribution and Growth: A Systematic Review (2008, background): “…is linked to an increase in the profit share which then, via its effect on saving, stimulates Tobin’s q and thereby investment (Figure 2a).9 A further mechanism that may countervail the depressive impact of larger profitability claims by shareholders has been analysed by Dallery/van Treeck (2008).”
Distribution and growth reconsidered: empirical results for six OECD countries (2007, methodology): “Pursuing a strategy of 1 For preliminary but incomplete attempts see Hein and Ochsen (2003), Stockhammer (2004A, 2004B 2005–6), and van Treeck (2007).”
The effects of financialization on investment: evidence from firm-level data for the UK (2018, background): “In particular, although not fully comparable, our results confirm previous findings at the microeconomic level for the USA (Orhangazi, 2008b), as well as at the macroeconomic level for the USA and European countries (see in particular Stockhammer, 2004 and van Treeck, 2008).”