International competition, income distribution, and North-South uneven development under the balance of payments constraint
Author
Abstract
Suggested Citation
DOI: 10.1016/j.strueco.2022.03.012
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Sasaki, Hiroaki & Sonoda, Ryunosuke, 2020. "International Competition, Income Distribution, and North-South Uneven Development under the Balance of Payments Constraint," MPRA Paper 103004, University Library of Munich, Germany.
References listed on IDEAS
- Gilberto Tadeu Lima & Antonio J. A. Meirelles, 2007.
"Macrodynamics of debt regimes, financial instability and growth,"
Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 31(4), pages 563-580, July.
- Gilberto Tadeu Lima & Antonio J. A. Meirelles, 2004. "A Macrodynamics Of Debt Regimes, Financial Instability And Growth," Anais do XXXII Encontro Nacional de Economia [Proceedings of the 32nd Brazilian Economics Meeting] 074, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
- Anthony P. Thirlwall, 2011.
"The Balance of Payments Constraint as an Explanation of International Growth Rate Differences,"
PSL Quarterly Review, Economia civile, vol. 64(259), pages 429-438.
- Anthony Philip Thirlwall, 1979. "The Balance of Payments Constraint as an Explanation of International Growth Rate Differences," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 32(128), pages 45-53.
- Anthony Philip Thirlwall, 1979. "The Balance of Payments Constraint as an Explanation of International Growth Rate Differences," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 32(128), pages 45-53.
- J. S. L. McCombie & A. P. Thirlwall, 1994. "The Balance-of-Payments Constraint as an Explanation of International Growth Rate Differences," Palgrave Macmillan Books, in: Economic Growth and the Balance-of-Payments Constraint, chapter 3, pages 232-261, Palgrave Macmillan.
- Elias Soukiazis & Pedro A. Cerqueira (ed.), 2012. "Models of Balance of Payments Constrained Growth," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-02395-7, March.
- Peter Skott, 2012.
"Theoretical And Empirical Shortcomings Of The Kaleckian Investment Function,"
Metroeconomica, Wiley Blackwell, vol. 63(1), pages 109-138, February.
- Peter Skott, 2008. "Theoretical and empirical shortcomings of the Kaleckian investment function," UMASS Amherst Economics Working Papers 2008-11, University of Massachusetts Amherst, Department of Economics, revised Dec 2009.
- Eckhard Hein, 2006.
"Interest, Debt and Capital Accumulation—A Kaleckian Approach,"
International Review of Applied Economics, Taylor & Francis Journals, vol. 20(3), pages 337-352.
- Eckhard Hein, 2005. "Interest, debt and capital accumulation - a Kaleckian approach," IMK Working Paper 05-2005, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
- Eckhard Hein, 2005. "Interest, debt and capital accumulation - a Kaleckian approach," Macroeconomics 0510007, University Library of Munich, Germany.
- Marco Missaglia, 2007. "Demand Policies For Long‐Run Growth: Being Keynesian Both In The Short And In The Long Run?," Metroeconomica, Wiley Blackwell, vol. 58(1), pages 74-94, February.
- Mario Cassetti, 2003. "Bargaining power, effective demand and technical progress: a Kaleckian model of growth," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 27(3), pages 449-464, May.
- Armon Rezai, 2015.
"Demand and distribution in integrated economies,"
Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 39(5), pages 1399-1414.
- Armon Rezai, 2016. "Demand and Distribution in Integrated Economies," Ecological Economics Papers ieep10, Institute of Ecological Economics.
- Rezai, Armon, 2016. "Demand and Distribution in Integrated Economies," Ecological Economic Papers 10, WU Vienna University of Economics and Business.
- Stockhammer, Engelbert & Onaran, Ozlem, 2004. "Accumulation, distribution and employment: a structural VAR approach to a Kaleckian macro model," Structural Change and Economic Dynamics, Elsevier, vol. 15(4), pages 421-447, December.
- Amitava Krishna Dutt, 2002. "Thirlwall’s Law and Uneven Development," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 24(3), pages 367-390, March.
- Gabriel Porcile & Giuliano Toshiro Yajima, 2019.
"New Structuralism and the balance-ofpayments constraint,"
Review of Keynesian Economics, Edward Elgar Publishing, vol. 7(4), pages 517-536, October.
- Gabriel Porcile & Giuliano Toshiro Yajima, 2019. "New Structuralism and the Balance-of-Payments Constraint," Working Papers 4/19, Sapienza University of Rome, DISS.
- Eckhard Hein & Lena Vogel, 2008. "Distribution and growth reconsidered: empirical results for six OECD countries," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 32(3), pages 479-511, May.
- Hiroaki Sasaki, 2021. "Thirlwall’s law, uneven development, and income distribution," Metroeconomica, Wiley Blackwell, vol. 72(3), pages 592-611, July.
- Blecker, Robert A., 1996. "The new economic integration: Structuralist models of North-South trade and investment liberalization," Structural Change and Economic Dynamics, Elsevier, vol. 7(3), pages 321-345, September.
- Rudiger Arnim & Daniele Tavani & Laura Carvalho, 2014. "Redistribution in a Neo-Kaleckian Two-country Model," Metroeconomica, Wiley Blackwell, vol. 65(3), pages 430-459, July.
- Nelson H. Barbosa‐Filho & Lance Taylor, 2006. "Distributive And Demand Cycles In The Us Economy—A Structuralist Goodwin Model," Metroeconomica, Wiley Blackwell, vol. 57(3), pages 389-411, July.
- Hiroaki Sasaki, 2013.
"Cyclical growth in a Goodwin–Kalecki–Marx model,"
Journal of Economics, Springer, vol. 108(2), pages 145-171, March.
- Hiroaki SASAKI, 2009. "Cyclical Growth in a Goodwin-Kalecki-Marx Model," TERG Discussion Papers 246, Graduate School of Economics and Management, Tohoku University.
- Dutt, Amitava Krishna, 1996. "Southern Primary Exports, Technological Change and Uneven Development," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 20(1), pages 73-89, January.
- Spinola, Danilo, 2020.
"Uneven development and the balance of payments constrained model: Terms of trade, economic cycles, and productivity catching-up,"
Structural Change and Economic Dynamics, Elsevier, vol. 54(C), pages 220-232.
- Sartorello Spinola, Danilo, 2020. "Uneven development and the balance of payments constrained model: Terms of trade, economic cycles, and productivity catching-up," MERIT Working Papers 2020-003, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- Jeronim CAPALDO & Alex IZURIETA, 2013. "The imprudence of labour market flexibilization in a fiscally austere world," International Labour Review, International Labour Organization, vol. 152(1), pages 1-26, March.
- Anthony Philip Thirlwall, 2012.
"Balance of Payments Constrained Growth Models: History and Overview,"
Palgrave Macmillan Books, in: Elias Soukiazis & Pedro A. Cerqueira (ed.), Models of Balance of Payments Constrained Growth, chapter 1, pages 11-49,
Palgrave Macmillan.
- Anthony P. Thirlwall, 2011. "Balance of payments constrained growth models: history and overview," PSL Quarterly Review, Economia civile, vol. 64(259), pages 307-351.
- A. P. Thirlwall, 2011. "Balance of Payments Constrained Growth Models: History and Overview," Studies in Economics 1111, School of Economics, University of Kent.
- Onaran, Özlem & Galanis, G., 2013. "Is aggregate demand wage-led or profit-led? A global model," Greenwich Papers in Political Economy 16222, University of Greenwich, Greenwich Political Economy Research Centre.
- Hiroaki Sasaki & Ryunosuke Sonoda & Shinya Fujita, 2013.
"International Competition and Distributive Class Conflict in an Open Economy Kaleckian Model,"
Metroeconomica, Wiley Blackwell, vol. 64(4), pages 683-715, November.
- Hiroaki Sasaki & Ryunosuke Sonoda & Shinya Fujita, 2012. "International Competition and Distributive Class Conflict in an Open Economy Kaleckian Model," Discussion papers e-12-005, Graduate School of Economics Project Center, Kyoto University.
- Blecker, Robert A, 1989. "International Competition, Income Distribution and Economic Growth," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 13(3), pages 395-412, September.
- Arslan Razmi, 2018. "Is planet Earth as a whole likely to be wage-led?," Review of Keynesian Economics, Edward Elgar Publishing, vol. 6(3), pages 289–306-2, July.
- Robert A. Blecker, 1998. "International Competitiveness, Relative Wages, and the Balance-Of-Payments Constraint," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 20(4), pages 495-526, July.
- Gilberto Tadeu Lima, 2004. "Endogenous Technological Innovation, Capital Accumulation And Distributional Dynamics," Metroeconomica, Wiley Blackwell, vol. 55(4), pages 386-408, November.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Eckhard Hein, 2017.
"Post-Keynesian macroeconomics since the mid 1990s: main developments,"
European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 14(2), pages 131-172, September.
- Hein, Eckhard, 2016. "Post-Keynesian macroeconomics since the mid-1990s: Main developments," IPE Working Papers 75/2016, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
- Eckhard Hein, 2017. "Post-Keynesian macroeconomics since the mid-1990s - main developments," FMM Working Paper 01-2017, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
- Robert A. Blecker, 2022. "New advances and controversies in the framework of balance‐of‐payments‐constrained growth," Journal of Economic Surveys, Wiley Blackwell, vol. 36(2), pages 429-467, April.
- Hiroaki Sasaki & Ryunosuke Sonoda & Shinya Fujita, 2013.
"International Competition and Distributive Class Conflict in an Open Economy Kaleckian Model,"
Metroeconomica, Wiley Blackwell, vol. 64(4), pages 683-715, November.
- Hiroaki Sasaki & Ryunosuke Sonoda & Shinya Fujita, 2012. "International Competition and Distributive Class Conflict in an Open Economy Kaleckian Model," Discussion papers e-12-005, Graduate School of Economics Project Center, Kyoto University.
- Hiroaki Sasaki, 2021. "Thirlwall’s law, uneven development, and income distribution," Metroeconomica, Wiley Blackwell, vol. 72(3), pages 592-611, July.
- Dávila-Fernández, Marwil J. & Sordi, Serena, 2019.
"Distributive cycles and endogenous technical change in a BoPC growth model,"
Economic Modelling, Elsevier, vol. 77(C), pages 216-233.
- Marwil J. Dávila-Fernández & Serena Sordi, 2017. "Distributive cycles and endogenous technical change in a BoPC growth model," Department of Economics University of Siena 760, Department of Economics, University of Siena.
- Parui, Pintu, 2021.
"The Macroeconomic Effects of Financialization and the Wage Gap between Blue and White Collar Workers,"
Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 416-443.
- Parui, Pintu, 2020. "The Macroeconomic Effects of Financialization and the Wage Gap between Blue and White Collar Workers," MPRA Paper 101412, University Library of Munich, Germany.
- Sasaki, Hiroaki, 2019. "North-South Uneven Development and Income Distribution under the Balance of Payments Constraint," MPRA Paper 91469, University Library of Munich, Germany.
- Hiroshi Nishi, 2019.
"Balance‐of‐payments‐constrained cyclical growth with distributive class conflicts and productivity dynamics,"
Metroeconomica, Wiley Blackwell, vol. 70(4), pages 620-640, November.
- Nishi, Hiroshi, 2018. "Balance-of-payments-constrained Cyclical Growth with Distributive Class Conflicts and Productivity Dynamics," MPRA Paper 86780, University Library of Munich, Germany.
- Robert A. Blecker, 2016.
"Wage-led versus profit-led demand regimes: the long and the short of it,"
Review of Keynesian Economics, Edward Elgar Publishing, vol. 4(4), pages 373-390, October.
- Robert A. Blecker, 2015. "Wage-led Versus Profit-led Demand Regimes: The Long and Short of It," Working Papers 2015-05, American University, Department of Economics.
- Betül Mutlugün, 2022. "Endogenous income distribution and aggregate demand: Empirical evidence from heterogeneous panel structural vector autoregression," Metroeconomica, Wiley Blackwell, vol. 73(2), pages 583-637, May.
- Eckhard Hein, 2012. "The Macroeconomics of Finance-Dominated Capitalism – and its Crisis," Books, Edward Elgar Publishing, number 14931.
- Schoder, Christian, 2014. "Instability, stationary utilization and effective demand: A structuralist model of endogenous cycles," Structural Change and Economic Dynamics, Elsevier, vol. 30(C), pages 10-29.
- Hiroshi Nishi, 2012. "On the Short-run Relationship between the Income Distribution- and Finance-Growth Regimes," Discussion papers e-12-001, Graduate School of Economics Project Center, Kyoto University.
- Hiroaki Sasaki & Shinya Fujita, 2015. "Demand and Income Distribution in a Two-Country Kaleckian Model," Discussion papers e-14-017, Graduate School of Economics Project Center, Kyoto University.
- Cem Oyvat & Oğuz Öztunalı & Ceyhun Elgin, 2020.
"Wage‐led versus profit‐led demand: A comprehensive empirical analysis,"
Metroeconomica, Wiley Blackwell, vol. 71(3), pages 458-486, July.
- Oyvat, Cem & Öztunalı, Oğuz & Elgin, Ceyhun, 2020. "Wage‐led versus profit‐led demand: a comprehensive empirical analysis," Greenwich Papers in Political Economy 27870, University of Greenwich, Greenwich Political Economy Research Centre.
- Engelbert Stockhammer & Ozlem Onaran, 2013.
"Wage-led growth: theory, evidence, policy,"
Review of Keynesian Economics, Edward Elgar Publishing, vol. 1(1), pages 61-78, January.
- Engelbert Stockhammer & Özlem Onaran, 2012. "Wage-led Growth: Theory, Evidence, Policy," Working Papers wp300, Political Economy Research Institute, University of Massachusetts at Amherst.
- Eckhard Hein & Artur Tarassow, 2010.
"Distribution, aggregate demand and productivity growth: theory and empirical results for six OECD countries based on a post-Kaleckian model,"
Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 34(4), pages 727-754.
- Eckhard Hein & Artur Tarassow, 2008. "Distribution, aggregate demand and productivity growth - theory and empirical results for six OECD countries based on a Post-Kaleckian model," IMK Working Paper 18-2008, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
- Christian Schoder, 2017.
"Estimating Keynesian models of business fluctuations using Bayesian Maximum Likelihood,"
Review of Keynesian Economics, Edward Elgar Publishing, vol. 5(4), pages 586–630-5, October.
- Christian Schoder, 2016. "Estimating Keynesian models of business fluctuations using Bayesian Maximum Likelihood," IMK Working Paper 162-2016, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
- David Kiefer & Codrina Rada, 2015.
"Profit maximising goes global: the race to the bottom,"
Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 39(5), pages 1333-1350.
- David Kiefer & Codrina Rada, 2013. "Profit maximizing goes global: the race to the bottom," Working Paper Series, Department of Economics, University of Utah 2013_05, University of Utah, Department of Economics.
- Köhler, Karsten, 2016. "Currency devaluations, aggregate demand, and debt dynamics in an economy with foreign currency liabilities," IPE Working Papers 78/2016, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
More about this item
Keywords
North–South trade; Thirlwall’s law; Uneven development; Income distribution;All these keywords.
JEL classification:
- F10 - International Economics - - Trade - - - General
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:streco:v:62:y:2022:i:c:p:9-23. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/525148 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.