Goodwin Cycles, Distributional Conflict, and Productivity Growth

Armon Rezai

doi:10.1111/j.1467-999X.2011.04144.x

Goodwin Cycles, Distributional Conflict, and Productivity Growth

Armon Rezai

Novy

Publikation: Wissenschaftliche Fachzeitschrift › Originalbeitrag in Fachzeitschrift › Begutachtung

Abstract

A combination of an investment-driven macroeconomy and a conflict-determined income distribution gives cyclical behavior. Models of wage–price inflation can be nested in the Goodwinian tradition. Endogenous technical change has ambiguous effects on equilibrium: Kaldor–Verdoorn effects increase the wage share's responsiveness to changes in output, while labor-saving technical change reduces it.

Originalsprache	Englisch
Seiten (von - bis)	29 - 39
Fachzeitschrift	Metroeconomica
Jahrgang	63
Ausgabenummer	1
DOIs	https://doi.org/10.1111/j.1467-999X.2011.04144.x
Publikationsstatus	Veröffentlicht - 2012

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Zitat

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