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Marx‐biased technical change and income distribution: A panel data analysis

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  • Travis Campbell
  • Daniele Tavani

Abstract

This paper provides a further empirical evaluation of the Neoclassical theory of distribution as opposed to Marx‐biased technical change (MBTC) using a series of panel estimators. We argue that a panel data analysis is instrumental in increasing the efficiency and validity of the test. Our results generalize previous findings in providing support for MBTC and against the Neoclassical theory of income distribution.

Suggested Citation

  • Travis Campbell & Daniele Tavani, 2019. "Marx‐biased technical change and income distribution: A panel data analysis," Metroeconomica, Wiley Blackwell, vol. 70(4), pages 655-687, November.
    • Handle: RePEc:bla:metroe:v:70:y:2019:i:4:p:655-687
    DOI: 10.1111/meca.12247
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    Cited by:

    1. Nishi, Hiroshi, 2022. "Income distribution, technical change, and economic growth: A two-sector Kalecki–Kaldor approach," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 418-432.
    2. Marwil J. Dávila-Fernández, 2020. "Alternative approaches to technological change in a small open economy," Journal of Evolutionary Economics, Springer, vol. 30(2), pages 279-317, April.

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