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Is aggregate demand wage-led or profit-led? National and global effects

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Cited by:

  1. Andrea Werner & Ming Lim, 2016. "The Ethics of the Living Wage: A Review and Research Agenda," Journal of Business Ethics, Springer, vol. 137(3), pages 433-447, September.
  2. Stratford, Beth, 2020. "The Threat of Rent Extraction in a Resource-constrained Future," Ecological Economics, Elsevier, vol. 169(C).
  3. Razmi, Arslan, 2015. "Growth and Distribution in Low Income Economies: Modifying Post Keynesian Analysis in Light of Theory and History," UMASS Amherst Economics Working Papers 2015-16, University of Massachusetts Amherst, Department of Economics.
  4. Jungmann, Benjamin, 2021. "Growth drivers in emerging capitalist economies before and after the Global Financial Crisis," IPE Working Papers 172/2021, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
  5. Thomas Goda, 2013. "The role of income inequality in crisis theories and in the subprime crisis," Working Papers PKWP1305, Post Keynesian Economics Society (PKES).
  6. Detzer, Daniel, 2016. "Financialisation, debt and inequality: Scenarios based on a stock flow consistent model," IPE Working Papers 64/2016, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
  7. Obst, Thomas., 2014. "Long-term trends in income distribution a global perspective," ILO Working Papers 994869353402676, International Labour Organization.
  8. Joana David Avritzer, 2020. "Estimation of a long run regime for growth and demand through different filtering methods," Working Papers 2004, New School for Social Research, Department of Economics, revised Oct 2020.
  9. Ozlem Albayrak, 2020. "Household Consumption, Household Indebtedness, and Inequality in Turkey: A Microeconometric Analysis," Economics Working Paper Archive wp_954, Levy Economics Institute.
  10. Andrea Borsato, 2022. "An agent-based model for Secular Stagnation in the USA: theory and empirical evidence," Journal of Evolutionary Economics, Springer, vol. 32(4), pages 1345-1389, September.
  11. Benjamin Jungmann, 2023. "Growth drivers in emerging capitalist economies: building blocks for a post-Keynesian analysis and an empirical exploration of the years before and after the Global Financial Crisis," Review of Evolutionary Political Economy, Springer, vol. 4(2), pages 349-386, July.
  12. Michalis Nikiforos, 2014. "Distribution-led Growth in the Long Run," Economics Working Paper Archive wp_814, Levy Economics Institute.
  13. Daniel Detzer, 2017. "Financialisation, Debt and Inequality: Export-led Mercantilist and Debt-led Private Demand Boom Economies in a Stock-flow consistent Model," Working Papers 2016-03, Universita' di Cassino, Dipartimento di Economia e Giurisprudenza.
  14. repec:clr:wugarc:y:2013:v:39i:4p:485 is not listed on IDEAS
  15. 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.
  16. Yılmaz Akyüz, 2018. "Inequality, financialisation and stagnation," The Economic and Labour Relations Review, , vol. 29(4), pages 428-445, December.
  17. repec:ilo:ilowps:470930 is not listed on IDEAS
  18. Riccardo Pariboni, 2015. "Autonomous demand and the Marglin-Bhaduri model: a critical note," Department of Economics University of Siena 715, Department of Economics, University of Siena.
  19. Omer, Ozlem & Capaldo, Jeronim, 2023. "The risks of the wrong climate policy for developing countries: Scenarios for South Africa," Ecological Economics, Elsevier, vol. 211(C).
  20. Javier López-Bernardo & Félix López-Martínez & Engelbert Stockhammer, 2016. "A Post-Keynesian Response to Piketty's ‘Fundamental Contradiction of Capitalism’," Review of Political Economy, Taylor & Francis Journals, vol. 28(2), pages 190-204, April.
  21. Anthony J Laramie & Douglas Mair, 2013. "Fiscal policy: Its role in an independent Scotland," Working Papers PKWP1307, Post Keynesian Economics Society (PKES).
  22. Marques, André M. & Lima, Gilberto Tadeu, 2022. "Testing for Granger causality in quantiles between the wage share in income and productive capacity utilization," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 290-312.
  23. 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.
  24. Valente Riccardo, 2018. "The Influences of Macro-Environment and Work and Firm Organization Changes. An Analysis of Italian Productive Decentralization in the 1970s," Management Sciences. Nauki o Zarządzaniu, Sciendo, vol. 23(4), pages 48-66, December.
  25. Robert A Blecker & Michael Cauvel & Y K Kim, 2022. "Systems estimation of a structural model of distribution and demand in the US economy," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 46(2), pages 391-420.
  26. Engelbert Stockhammer & Rafael Wildauer, 2016. "Debt-driven growth? Wealth, distribution and demand in OECD countries," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 40(6), pages 1609-1634.
  27. repec:ilo:ilowps:486935 is not listed on IDEAS
  28. Bruno Jetin & Luis Reyes Ortiz, 2020. "Wage-led demand as a rebalancing strategy for economic growth in China," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 43(3), pages 341-366, July.
  29. Storm, Servaas & Naastepad, C.W.M., 2015. "Crisis and recovery in the German economy: The real lessons," Structural Change and Economic Dynamics, Elsevier, vol. 32(C), pages 11-24.
  30. Julia Burle Gonçalves, 2018. "Distribuição De Renda E Demanda Agregada No Brasil(1995-2015): Uma Análise De Extensões Aos Modelos Neo-Kaleckianos Pelo Método Var," Anais do XLIV Encontro Nacional de Economia [Proceedings of the 44th Brazilian Economics Meeting] 80, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
  31. Storm, Servaas. & Naastepad, C.W.M.,, 2012. "Wage-led or profit-led supply : wages, productivity and investment," ILO Working Papers 994709303402676, International Labour Organization.
  32. Catullo, Ermanno & Gallegati, Mauro & Russo, Alberto, 2022. "Forecasting in a complex environment: Machine learning sales expectations in a stock flow consistent agent-based simulation model," Journal of Economic Dynamics and Control, Elsevier, vol. 139(C).
  33. Engelbert Stockhammer & Syed Mohib Ali, 2018. "Varieties of Capitalism and post-Keynesian economics on Euro crisis," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 44(3), pages 349-370.
  34. Theodore Mariolis & Nikolaos Ntemiroglou & George Soklis, 2018. "The static demand multipliers in a joint production framework: comparative findings for the Greek, Spanish and Eurozone economies," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 7(1), pages 1-20, December.
  35. Caiani, Alessandro & Russo, Alberto & Gallegati, Mauro, 2016. "Does Inequality Hamper Innovation and Growth?," MPRA Paper 71864, University Library of Munich, Germany.
  36. Thomas I. Palley, 2013. "Enriching the Neo-Kaleckian Growth Model: Nonlinearities, Political Economy, and Financial Factors," Working Papers wp335, Political Economy Research Institute, University of Massachusetts at Amherst.
  37. Bassi, Federico & Lang, Dany, 2016. "Investment hysteresis and potential output: A post-Keynesian–Kaleckian agent-based approach," Economic Modelling, Elsevier, vol. 52(PA), pages 35-49.
  38. Armon Rezai, 2015. "Demand and distribution in integrated economies," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 39(5), pages 1399-1414.
  39. Favero, Fausto, 2022. "Political economy of labor market policies for current labor market transformations in Europe," IPE Working Papers 180/2022, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
  40. Stockhammer, Engelbert, 2013. "The Euro crisis and contradictions of Neoliberalism in Europe," Economics Discussion Papers 2013-2, School of Economics, Kingston University London.
  41. Martin Watts & Timothy Sharpe & James Juniper, 2014. "Reformation or exodus: Assessing the future of the Euro," The Economic and Labour Relations Review, , vol. 25(3), pages 465-483, September.
  42. Milka Kazandziska, 2016. "Macroeconomic Policy Regime In Poland," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 11(3), pages 411-436, September.
  43. Tanadej Vechsuruck, 2017. "A Global Analysis of Income Distribution and Capacity Utilization Interactions: The Structuralist View JEL Classification: C23, D3, O11, O47," Working Paper Series, Department of Economics, University of Utah 2017_08, University of Utah, Department of Economics.
  44. Servaas Storm & C.W.M. Naastepad, 2015. "NAIRU economics and the Eurozone crisis," International Review of Applied Economics, Taylor & Francis Journals, vol. 29(6), pages 843-877, November.
  45. Caiani, Alessandro & Russo, Alberto & Gallegati, Mauro, 2020. "Are Higher Wages Good For Business? An Assessment Under Alternative Innovation And Investment Scenarios," Macroeconomic Dynamics, Cambridge University Press, vol. 24(1), pages 191-230, January.
  46. Julius Probst, 2019. "Lawrence Summers Deserves a Nobel Prize for Reviving the Theory of Secular Stagnation," Econ Journal Watch, Econ Journal Watch, vol. 16(2), pages 342–373-3, September.
  47. 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.
  48. Alexandru Avram & Flavia Maria Barna & Miruna Lucia Năchescu & Costin Daniel Avram & Roxana Loredana Avram, 2020. "Responsible Governance and the Sustainability of Populist Public Policies. The Implications of Wage-Led Growth Strategy in Romania," Sustainability, MDPI, vol. 12(7), pages 1-21, April.
  49. Zita Tamasauskiene & Janina Seputiene & Rasa Balvociute & Daiva Berzinskiene-Juozainiene, 2017. "The impact of wage share on domestic demand in the European Union," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 7(1), pages 115-132, April.
  50. Won Jun Nah & Marc Lavoie, 2017. "Long-run convergence in a neo-Kaleckian open-economy model with autonomous export growth," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 40(2), pages 223-238, April.
  51. Caiani, Alessandro & Catullo, Ermanno & Gallegati, Mauro, 2019. "The effects of alternative wage regimes in a monetary union: A multi-country agent based-stock flow consistent model," Journal of Economic Behavior & Organization, Elsevier, vol. 162(C), pages 389-416.
  52. Jo Michell, 2014. "Factors generating and transmitting the financial crisis; Functional distribution of income," Working papers wpaper41, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
  53. Robert Pollin, 2012. "The great US liquidity trap of 2009–2011: are we stuck pushing on strings?," Review of Keynesian Economics, Edward Elgar Publishing, vol. 1(0), pages 55-76.
  54. Adriana Moreira Amado & Maria de Lourdes Rollemberg Mollo, 2015. "The 'developmentalism' debate in Brazil: some economic and political issues," Review of Keynesian Economics, Edward Elgar Publishing, vol. 3(1), pages 77-89, January.
  55. Marc Lavoie & Eckhard Hein, 2015. "Going from a low to a high employment equilibrium," IMK Working Paper 144-2015, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  56. Barbieri Góes, Maria Cristina, 2019. "Personal income distribution and progressive taxation in a neo-Kaleckian model: Insights from the Italian case," IPE Working Papers 126/2019, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
  57. Jo Michell, 2023. "Macroeconomic policy at the end of the age of abundance," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 20(2), pages 369-387, November.
  58. Richters, Oliver & Siemoneit, Andreas, 2017. "Consistency and stability analysis of models of a monetary growth imperative," Ecological Economics, Elsevier, vol. 136(C), pages 114-125.
  59. Joonyoung Hur, 2020. "Labor Income Share and Economic Fluctuations: A Sign-restricted VAR Approach," Working Papers 2002, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
  60. Christian Schoder, 2015. "A Keynesian Dynamic Stochastic Labor-Market Disequilibrium model for business cycle analysis," IMK Working Paper 157-2015, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  61. Peter Skott, 2017. "Weaknesses of 'wage-led growth'," Review of Keynesian Economics, Edward Elgar Publishing, vol. 5(3), pages 336-359, July.
  62. Michael Cauvel, 2019. "The neo-Goodwinian model reconsidered," Working Papers PKWP1915, Post Keynesian Economics Society (PKES).
  63. Engelbert Stockhammer & Alexander Guschanski & Karsten Köhler, 2014. "Unemployment, capital accumulation and labour market institutions in the Great Recession," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 11(2), pages 182-194, September.
  64. Theodore Mariolis & Nikolaos Rodousakis & Apostolis Katsinos, 2019. "Wage versus currency devaluation, price pass-through and income distribution: a comparative input–output analysis of the Greek and Italian economies," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 8(1), pages 1-23, December.
  65. Servaas Storm & C.W.M. Naastepad, 2015. "Crisis and Recovery in the German Economy: The Real Lessons," Working Papers Series 10, Institute for New Economic Thinking.
  66. Juraj Zeman, 2018. "Income distribution and economic growth; empirical results for Slovakia," Working and Discussion Papers WP 1/2018, Research Department, National Bank of Slovakia.
  67. Mariolis, Theodore & Soklis, George, 2014. "The Sraffian Multiplier for the Greek Economy: Evidence from the Supply and Use Table for the Year 2010," MPRA Paper 60253, University Library of Munich, Germany.
  68. Arslan Razmi, 2018. "Does the demand regime matter over the medium run? Revisiting distributional issues in a portfolio framework under different exchange rate regimes," Metroeconomica, Wiley Blackwell, vol. 69(4), pages 708-736, November.
  69. Alessandro Caiani & Alberto Russo & Mauro Gallegati, 2019. "Does inequality hamper innovation and growth? An AB-SFC analysis," Journal of Evolutionary Economics, Springer, vol. 29(1), pages 177-228, March.
  70. Servaas Storm & C.W.M. Naastepad, 2016. "Myths, Mix-ups, and Mishandlings: Understanding the Eurozone Crisis," International Journal of Political Economy, Taylor & Francis Journals, vol. 45(1), pages 46-71, January.
  71. Michael Cauvel, 2019. "The Neo-Goodwinian model, reconsidered," FMM Working Paper 47-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  72. Jochen Hartwig, 2014. "Testing the Bhaduri-Marglin model with OECD panel data," International Review of Applied Economics, Taylor & Francis Journals, vol. 28(4), pages 419-435, July.
  73. Nikolaos Rodousakis & George Soklis, 2022. "The COVID-19 multiplier effects of tourism on the German and Spanish economies," Evolutionary and Institutional Economics Review, Springer, vol. 19(1), pages 497-510, April.
  74. Onaran, Özlem, 2015. "State and the economy: a strategy for wage-led development," Greenwich Papers in Political Economy 14075, University of Greenwich, Greenwich Political Economy Research Centre.
  75. Nikolaos Ntemiroglou, 2016. "The Sraffian Multiplier and the Key-Commodities for the Greek Economy: Evidence from the Input-Output Tables for the Period 2000-2010," Bulletin of Political Economy, Bulletin of Political Economy, vol. 10(1), pages 1-24, June.
  76. Jung Hoon Kim & Marc Lavoie, 2017. "Demand-led Growth and Long-run Convergence in a Neo-Kaleckian Two-sector Model," Korean Economic Review, Korean Economic Association, vol. 33, pages 179-206.
  77. Hein, Eckhard, & Mundt, Matthias., 2012. "Financialisation and the requirements and potentials for wage-led recovery : a review focussing on the G20," ILO Working Papers 994709323402676, International Labour Organization.
  78. Villanueva, Paloma & Cárdenas, Luis & Uxó, Jorge & Álvarez, Ignacio, 2020. "The role of internal devaluation in correcting external deficits: The case of Spain," Structural Change and Economic Dynamics, Elsevier, vol. 54(C), pages 282-296.
  79. Gilberto Tadeu Lima & Andre M. Marques, 2022. "Demand and Distribution in a Dynamic Spatial Panel Model for the United States: Evidence from State-Level Data," Working Papers, Department of Economics 2022_21, University of São Paulo (FEA-USP), revised 05 Oct 2022.
  80. Paulo dos Santos, 2013. "Demand, Production, and the Determinants of Distribution: A Caveat on “Wage-Led Growth”," Working Papers wp323, Political Economy Research Institute, University of Massachusetts at Amherst.
  81. Baccaro, Lucio & Pontusson, Jonas, 2018. "Comparative political economy and varieties of macroeconomics," MPIfG Discussion Paper 18/10, Max Planck Institute for the Study of Societies.
  82. Hur, Joonyoung, 2021. "Labor income share and economic fluctuations: A sign-restricted VAR approach," Economic Modelling, Elsevier, vol. 102(C).
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