Arbeitspapier
Financialisation', distribution, capital accumulation and productivity growth in a Post-Kaleckian model
Focussing on the long-run effects of 'financialisation' and increasing shareholder power in a simple Post-Kaleckian endogenous growth model, we examine the effects of increasing shareholder power on the demand regime, on the productivity regime, and on the overall regime of the model. Under special conditions increasing shareholder power may have positive effects on capital accumulation and productivity growth and hence on potential growth of the economy. However, such a regime does not only require directly positive - or under certain conditions only weakly negative - effects of increasing shareholder power on the productivity regime. It also requires expansive - or under special circumstances only weakly contractive - effects of increasing shareholder power on capital accumulation via the demand regime of the economy. Both conditions have recently been questioned on empirical grounds, so that an overall long-run 'contractive' regime seems to be the most likely outcome of 'financialisation' rising shareholder power and pronounced shareholder value orientation.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 01/2009
- Klassifikation
-
Wirtschaft
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Macroeconomics: Consumption; Saving; Wealth
Investment; Capital; Intangible Capital; Capacity
Aggregate Factor Income Distribution
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
One, Two, and Multisector Growth Models
- Thema
-
Financialisation
distribution
capital accumulation
productivity growth
Kaleckian model
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hein, Eckhard
- Ereignis
-
Veröffentlichung
- (wer)
-
Hochschule für Wirtschaft und Recht Berlin, Institute for International Political Economy (IPE)
- (wo)
-
Berlin
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hein, Eckhard
- Hochschule für Wirtschaft und Recht Berlin, Institute for International Political Economy (IPE)
Entstanden
- 2009
Ähnliche Objekte (12)
Interest rate, debt, distribution and capital accumulation in a post-Kaleckian model
Interest rate debt distribution and capital accumulation in a post-Kaleckian model
Interest, debt and capital accumulation - a Kaleckian approach
'Financialisation' in Kaleckian/Post-Kaleckian models of distribution and growth
Interest rates, distribution and capital accumulation: A Post-Kaleckian perspective on the US and Germany
Finance-dominated capitalism, re-distribution, household debt and financial fragility in a Kaleckian distribution and growth model
Financialisation in a comparative static, stock-flow consistent Post-Kaleckian distribution and growth model
Autonomous government expenditure growth, deficits, debt and distribution in a neo-Kaleckian growth model
Gender issues in Kaleckian distribution and growth models: On the macroeconomics of the gender wage gap
Harrodian instability in Kaleckian models and Steindlian solutions
Inequality and growth: Marxian and post-Keynesian/Kaleckian perspectives on distribution and growth regimes before and after the Great Recession
Wage Bargaining and Monetary Policy in a Kaleckian Monetary Distribution and Growth Model: Trying to Make Sense of the NAIRU
Interest rate, debt, distribution and capital accumulation in a post-Kaleckian model
Interest rate debt distribution and capital accumulation in a post-Kaleckian model
Interest, debt and capital accumulation - a Kaleckian approach
'Financialisation' in Kaleckian/Post-Kaleckian models of distribution and growth
Interest rates, distribution and capital accumulation: A Post-Kaleckian perspective on the US and Germany
Finance-dominated capitalism, re-distribution, household debt and financial fragility in a Kaleckian distribution and growth model
Financialisation in a comparative static, stock-flow consistent Post-Kaleckian distribution and growth model
Autonomous government expenditure growth, deficits, debt and distribution in a neo-Kaleckian growth model
Gender issues in Kaleckian distribution and growth models: On the macroeconomics of the gender wage gap
Harrodian instability in Kaleckian models and Steindlian solutions
Inequality and growth: Marxian and post-Keynesian/Kaleckian perspectives on distribution and growth regimes before and after the Great Recession
Wage Bargaining and Monetary Policy in a Kaleckian Monetary Distribution and Growth Model: Trying to Make Sense of the NAIRU
Interest rate, debt, distribution and capital accumulation in a post-Kaleckian model
Interest rate debt distribution and capital accumulation in a post-Kaleckian model
Interest, debt and capital accumulation - a Kaleckian approach
'Financialisation' in Kaleckian/Post-Kaleckian models of distribution and growth
Interest rates, distribution and capital accumulation: A Post-Kaleckian perspective on the US and Germany
Finance-dominated capitalism, re-distribution, household debt and financial fragility in a Kaleckian distribution and growth model
Financialisation in a comparative static, stock-flow consistent Post-Kaleckian distribution and growth model
Autonomous government expenditure growth, deficits, debt and distribution in a neo-Kaleckian growth model
Gender issues in Kaleckian distribution and growth models: On the macroeconomics of the gender wage gap
Harrodian instability in Kaleckian models and Steindlian solutions
Inequality and growth: Marxian and post-Keynesian/Kaleckian perspectives on distribution and growth regimes before and after the Great Recession