Cyclical patterns of employment, utilization, and profitability
AbstractThe interaction between income distribution, accumulation, employment, and the utilization of capital is central to macroeconomic models in the "heterodox" tradition. This article examines the stylized pattern of these variables using U.S. data for the period after 1948. We look at the trends and cycles in individual time series and examine the bivariate cyclical patterns among the variables.
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Bibliographic InfoArticle provided by M.E. Sharpe, Inc. in its journal Journal of Post Keynesian Economics.
Volume (Year): 34 (2011)
Issue (Month): 1 (October)
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Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=109348
aggregate demand; business cycles; growth; income distribution; instability; investment function; pricing; utilization rate;
Other versions of this item:
- Ben Zipperer & Peter Skott, 2010. "Cyclical patterns of employment, utilization and profitability," UMASS Amherst Economics Working Papers 2010-02, University of Massachusetts Amherst, Department of Economics.
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
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