Arbeitspapier
Steindlian Models of Growth and Stagnation
This paper examines Steindls original 1952 model and relates it to subsequent stagnationist models. The model is then extended by introducing endogenous changes in the markup and a reformulation of the investment function. These extensions address weaknesses of the simpler models, find support in Steindls writing and leave intact some of Steindls key results. In a further extension, we add a labour market and analyse the stabilizing influence of a Marxian reserve-army mechanism. The implications of this model for the effects of increased monopolization are largely in line with Steindls predictions.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2004-11
- Klassifikation
-
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Price Level; Inflation; Deflation
Business Fluctuations; Cycles
- Thema
-
Steindl
accumulation
stagnation
markup
monopolization
reserve army of labour
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Skott, Peter
Flaschel, Peter
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Massachusetts, Department of Economics
- (wo)
-
Amherst, MA
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Skott, Peter
- Flaschel, Peter
- University of Massachusetts, Department of Economics
Entstanden
- 2004
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