Artikel
Income shares, wealth and growth
The paper analyzes the relationship between income shares, wealth and growth in an environment where positional goods are taken into account and rent is generated. This hypothesis, which is a macro engine for inequality, creates a gap between profit share and property share and implies a clear-cut distinction between capital and wealth. The interactions between these aspects are studied in a medium-run growth model led by aggregate demand, where monetary aspects also matter. The results of the dynamic analysis, obtained by means of simulations, are in keeping with some recent stylized facts. Furthermore, the model generates bounded dynamics, where the co-movements between variables are more complex than those obtained in the recent literature. At the same time the disequilibrium processes can create a link between medium-run considerations and a more long-run perspective.
- Sprache
-
Englisch
- Erschienen in
-
Journal: EconomiA ; ISSN: 1517-7580 ; Volume: 17 ; Year: 2016 ; Issue: 2 ; Pages: 254-264 ; Amsterdam: Elsevier
- Klassifikation
-
Wirtschaft
Personal Income, Wealth, and Their Distributions
- Thema
-
Property and profit share
Positional goods
Private wealth
Inequality
Demand-led growth
Limit cycles
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ferri, Piero
Variato, Anna Maria
- Ereignis
-
Veröffentlichung
- (wer)
-
Elsevier
- (wo)
-
Amsterdam
- (wann)
-
2016
- DOI
-
doi:10.1016/j.econ.2016.09.006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Ferri, Piero
- Variato, Anna Maria
- Elsevier
Entstanden
- 2016
Ähnliche Objekte (12)
On income and wealth inequality in Turkey
Special issue on plant growth promotion
Wealth effects on job preferences
Spatial income inequality in Brazil, 1872-2000
Asymmetric effect of oil price on economic growth: Panel analysis of low-income oil-importing countries
Labor productivity in the middle income trap and the graduated countries
Understanding knowledge management system antecedents of performance impact: Extending the task-technology fit model with intention to share knowledge construct
Pot the ball? Sovereign wealth funds’ outward FDI in times of global financial market turbulence: A yield institutions-based view
Insider trading under trading ban regulation in China's A-share market
Does clean energy contribute to economic growth? Evidence from Nigeria
The RCO/DN approach to planning of urban growth boundaries
Strategies for low-carbon green growth and urban management in Korea
On income and wealth inequality in Turkey
Special issue on plant growth promotion
Wealth effects on job preferences
Spatial income inequality in Brazil, 1872-2000
Asymmetric effect of oil price on economic growth: Panel analysis of low-income oil-importing countries
Labor productivity in the middle income trap and the graduated countries
Understanding knowledge management system antecedents of performance impact: Extending the task-technology fit model with intention to share knowledge construct
Pot the ball? Sovereign wealth funds’ outward FDI in times of global financial market turbulence: A yield institutions-based view
Insider trading under trading ban regulation in China's A-share market
Does clean energy contribute to economic growth? Evidence from Nigeria
The RCO/DN approach to planning of urban growth boundaries
Strategies for low-carbon green growth and urban management in Korea
On income and wealth inequality in Turkey
Special issue on plant growth promotion
Wealth effects on job preferences
Spatial income inequality in Brazil, 1872-2000
Asymmetric effect of oil price on economic growth: Panel analysis of low-income oil-importing countries
Labor productivity in the middle income trap and the graduated countries
Understanding knowledge management system antecedents of performance impact: Extending the task-technology fit model with intention to share knowledge construct
Pot the ball? Sovereign wealth funds’ outward FDI in times of global financial market turbulence: A yield institutions-based view
Insider trading under trading ban regulation in China's A-share market
Does clean energy contribute to economic growth? Evidence from Nigeria
The RCO/DN approach to planning of urban growth boundaries