Arbeitspapier
Inequality and growth in neo-Kaleckian and Cambridge growth theory
This paper examines the relationship between inequality and growth in the neo-Kaleckian and Cambridge growth models. The paper explores the channels whereby functional and personal income distribution impact growth. The growth - inequality relationship can be negative or positive, depending on the economy's characteristics. Contrary to widespread claims, inequality per se does not impact growth through macroeconomic channels. Instead, both growth and inequality are impacted by changes in the underlying forms and pattern of income payments. However, inequality is critical at the microeconomic level as it explains differences in household propensities to consume which are at the foundation of neo-Kaleckian and Cambridge growth theory.
- Sprache
-
Englisch
- Erschienen in
-
Series: IMK Working Paper ; No. 167
- Klassifikation
-
Wirtschaft
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Aggregate Factor Income Distribution
- Thema
-
income inequality
growth
neo-Kaleckian theory
Cambridge growth theory
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Palley, Thomas I.
- Ereignis
-
Veröffentlichung
- (wer)
-
Hans-Böckler-Stiftung, Institut für Makroökonomie und Konjunkturforschung (IMK)
- (wo)
-
Düsseldorf
- (wann)
-
2016
- Handle
- URN
-
urn:nbn:de:101:1-20160613770
- 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
- Palley, Thomas I.
- Hans-Böckler-Stiftung, Institut für Makroökonomie und Konjunkturforschung (IMK)
Entstanden
- 2016
Ähnliche Objekte (12)
Inequality and Growth in Neo-Kaleckian and Cambridge Growth Theory
Inside Debt and Economic Growth: A Cambridge - Kaleckian Analysis
Inside debt and economic growth: a Cambridge-Kaleckian analysis
Autonomous government expenditure growth, deficits, debt and distribution in a neo-Kaleckian growth model
Functional distribution and wage inequality in recent Kaleckian growth models
Aggregate Demand, Aggregate Supply, and Endogenous Growth: A Synthetic neo-Kaleckian Model
Aggregate Demand, Aggregate Supply, and Endogenous Growth: A Synthetic neo-Kaleckian Model
Overhead labour costs in a neo-Kaleckian growth model with autonomous expenditures
'Financialisation' in Kaleckian/Post-Kaleckian models of distribution and growth
'Financialisation' in Kaleckian, post-Kaleckian models of distribution and growth
Normal utilization as the adjusting variable in Neo-Kaleckian growth models: A critique
The role of autonomous demand growth in a neo-Kaleckian conflicting-claims framework
Inequality and Growth in Neo-Kaleckian and Cambridge Growth Theory
Inside Debt and Economic Growth: A Cambridge - Kaleckian Analysis
Inside debt and economic growth: a Cambridge-Kaleckian analysis
Autonomous government expenditure growth, deficits, debt and distribution in a neo-Kaleckian growth model
Functional distribution and wage inequality in recent Kaleckian growth models
Aggregate Demand, Aggregate Supply, and Endogenous Growth: A Synthetic neo-Kaleckian Model
Aggregate Demand, Aggregate Supply, and Endogenous Growth: A Synthetic neo-Kaleckian Model
Overhead labour costs in a neo-Kaleckian growth model with autonomous expenditures
'Financialisation' in Kaleckian/Post-Kaleckian models of distribution and growth
'Financialisation' in Kaleckian, post-Kaleckian models of distribution and growth
Normal utilization as the adjusting variable in Neo-Kaleckian growth models: A critique
The role of autonomous demand growth in a neo-Kaleckian conflicting-claims framework
Inequality and Growth in Neo-Kaleckian and Cambridge Growth Theory
Inside Debt and Economic Growth: A Cambridge - Kaleckian Analysis
Inside debt and economic growth: a Cambridge-Kaleckian analysis
Autonomous government expenditure growth, deficits, debt and distribution in a neo-Kaleckian growth model
Functional distribution and wage inequality in recent Kaleckian growth models
Aggregate Demand, Aggregate Supply, and Endogenous Growth: A Synthetic neo-Kaleckian Model
Aggregate Demand, Aggregate Supply, and Endogenous Growth: A Synthetic neo-Kaleckian Model
Overhead labour costs in a neo-Kaleckian growth model with autonomous expenditures
'Financialisation' in Kaleckian/Post-Kaleckian models of distribution and growth
'Financialisation' in Kaleckian, post-Kaleckian models of distribution and growth
Normal utilization as the adjusting variable in Neo-Kaleckian growth models: A critique