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Steady-State Growth And Distribution With An Endogenous Direction Of Technical Change

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  • A. J. Julius

Abstract

A model of labor-constrained accumulation and economically directed technical progress has a stable steady state at which the class distribution of income is invariant with respect to population and saving parameters yet sensitive to workers' stances in wage bargaining and to the tax and transfer policies of a redistributive state. Copyright Blackwell Publishing Ltd 2005.

Suggested Citation

  • A. J. Julius, 2005. "Steady-State Growth And Distribution With An Endogenous Direction Of Technical Change," Metroeconomica, Wiley Blackwell, vol. 56(1), pages 101-125, February.
  • Handle: RePEc:bla:metroe:v:56:y:2005:i:1:p:101-125
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    Citations

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    Cited by:

    1. Tavani, Daniele, 2012. "Wage bargaining and induced technical change in a linear economy: Model and application to the US (1963–2003)," Structural Change and Economic Dynamics, Elsevier, vol. 23(2), pages 117-126.
    2. Daniele Tavani & Luca Zamparelli, 2013. "Endogenous Technical Change, Employment and Distribution in the Goodwin Model," IMK Working Paper 127-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    3. Luke Petach & Daniele Tavani, 2018. "Income shares, secular stagnation, and the long-run distribution of wealth," FMM Working Paper 25-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    4. Daniele Tavani & Luca Zamparelli, 2017. "Endogenous Technical Change In Alternative Theories Of Growth And Distribution," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1272-1303, December.
    5. repec:bpj:sndecm:v:23:y:2019:i:1:p:16:n:2 is not listed on IDEAS
    6. Daniele Tavani, 2013. "Bargaining over productivity and wages when technical change is induced: implications for growth, distribution, and employment," Journal of Economics, Springer, vol. 109(3), pages 207-244, July.
    7. Luca Zamparelli, 2015. "Induced Innovation, Endogenous Technical Change and Income Distribution in a Labor-Constrained Model of Classical Growth," Metroeconomica, Wiley Blackwell, vol. 66(2), pages 243-262, May.
    8. Mariolis Theodore & Konstantakis Konstantinos N. & Michaelides Panayotis G. & Tsionas Efthymios G., 2019. "A non-linear Keynesian Goodwin-type endogenous model of the cycle: Bayesian evidence for the USA," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 23(1), pages 1-16, February.
    9. Joao Paulo A. de Souza, 2014. "Real wages and labor-saving technical change: evidence from a panel of manufacturing industries in mature and labor-surplus economies," UMASS Amherst Economics Working Papers 2014-03, University of Massachusetts Amherst, Department of Economics.
    10. zamparelli, luca, 2008. "Direction and intensity of technical change: a micro-founded growth model," MPRA Paper 10843, University Library of Munich, Germany.
    11. Daniele Tavani & Luke Petach, 2019. "Firm beliefs and long-run demand effects in a labor-constrained model of growth and distribution," Working Papers PKWP1903, Post Keynesian Economics Society (PKES).
    12. Luca Zamparelli, 2009. "Direction and Intensity of Technical Change: a Micro Model," Working Papers 4, Doctoral School of Economics, Sapienza University of Rome.
    13. A. J. Julius, 2005. "Overtakable capitalist growth paths," Macroeconomics 0501030, University Library of Munich, Germany.
    14. Eric Kemp-Benedict & Yun K. Kim, 2018. "Technological Change, Household Debt, and Distribution," Working Papers 2018-02, University of Massachusetts Boston, Economics Department.

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