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 paper examines the stylized pattern of these variables using US data for the period after 1948. We look at the trends and cycles in individual time series and examine the bivariate cycical patterns among the variables. JEL Categories: E12, E32, O41
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Bibliographic InfoPaper provided by University of Massachusetts Amherst, Department of Economics in its series UMASS Amherst Economics Working Papers with number 2010-02.
Date of creation: Apr 2010
Date of revision:
growth; business cycles; aggregate demand; instability; income distribution; utilization rate; investment function; pricing.;
Other versions of this item:
- Ben Zipperer & Peter Skott, 2011. "Cyclical patterns of employment, utilization, and profitability," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 34(1), pages 25-58, October.
- 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-04-24 (All new papers)
- NEP-BEC-2010-04-24 (Business Economics)
- NEP-MAC-2010-04-24 (Macroeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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UMASS Amherst Economics Working Papers
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