232
Views
2
CrossRef citations to date
0
Altmetric
Articles

On the short-run relationship between the income distribution-growth and debt-growth regimes

Pages 729-749 | Received 17 Apr 2012, Accepted 09 Jun 2013, Published online: 05 Aug 2013

References

  • Bhaduri, A. 2007. “On the Dynamics of Profit-Led and Wage-Led Growth.” Cambridge Journal of Economics 32(1): 147–160.
  • Bhaduri, A., and S. A. Marglin. 1990. “Unemployment and the Real Wage: The Economic Basis for Contesting Political Ideologies.” Cambridge Journal of Economics 14(4): 375–393.
  • Blecker, R. A. 2002. “Distribution, Demand, and Growth in Neo-Kaleckian Macro Models.” In The Economics of Demand-Led Growth: Challenging the Supply-Side Vision of the Long Run, edited by M. Setterfield, 129–152. Cheltenham: Edward Elgar.
  • Cassetti, M. 2003. “Bargaining Power, Effective Demand and Technical Progress: A Kaleckian Model of Growth.” Cambridge Journal of Economics 27(3): 449–464.
  • Charles, S. 2008. “Corporate Debt, Variable Retention Rate and the Appearance of Financial Fragility.” Cambridge Journal of Economics 32(5): 781–795.
  • Duménil, G., and D. Lévy. 1999. “Being Keynesian in the Short Term and Classical in the Long Term: The Traverse to Classical Long-Term Equilibrium.” The Manchester School 67(6): 684–716.
  • Foley, D. 2003. “Financial Fragility in Developing Economies.” In Development Economics and Structuralist Macroeconomics, edited by A. K. Dutt and J. Ros, 157–168. Cheltenham: Edward Elgar.
  • Hein, E. 2006. “Interest, Debt and Capital Accumulation: A Kaleckian Approach.” International Review of Applied Economics 20(3): 337–352.
  • Hein, E. 2007. “Interest Rate, Debt, Distribution and Capital Accumulation in a Post-Kaleckian Model.” Metroeconomica 58(2): 310–339.
  • Hein, E. 2011. “‘Financialisation’, Distribution and Growth.” In A Modern Guide to Keynesian Macroeconomics and Economic Policies, edited by E. Hein and E. Stockhammer, 294–324. Cheltenham: Edward Elgar.
  • Hein, E. 2013. “On the Importance of the Retention Ratio in a Kaleckian Distribution and Growth Model with Debt Accumulation: A Comment on SASAKI and FUJITA (2012).” Metroeconomica 64(1): 186–196.
  • Hein, E., and C. Schoder. 2011. “Interest Rates, Distribution and Capital Accumulation: A Post-Kaleckian Perspective on the US and Germany.” International Review of Applied Economics 25(6): 693–723.
  • Hein, E., and L. Vogel. 2008. “Distribution and Growth Reconsidered: Empirical Results for Six OECD Countries.” Cambridge Journal of Economics 32(3): 479–511.
  • Lavoie, M. 1995. “The Kaleckian Model of Growth and Distribution and Its Neo-Ricardian and Neo-Marxian Critiques.” Cambridge Journal of Economics 19(6): 789–818.
  • Lavoie, M. 2010. “Surveying Short-run and Long-run Stability Issues with the Kaleckian Model of Growth.” In Handbook of Alternative Theories of Economic Growth,, edited by M. Setterfield, 132–156. UK and Northampton, MA: Edward Elgar.
  • Lavoie, M., and E. Stockhammer. 2013. “Wage-Led Growth: Concept, Theories and Policies.” Conditions of Work and Employment Series (41): 1–32.
  • Lima, G. T., and J. A. Meirelles. 2007. “Macrodynamics of Debt Regimes, Financial Instability and Growth.” Cambridge Journal of Economics 31(4): 563–580.
  • Marglin, S. A. 1984. “Growth, Distribution and Inflation: A Centennial Synthesis.” Cambridge Journal of Economics 8(2): 115–144.
  • Moore, B. J. 2001. “Some Reflections on Endogenous Money.” In Credit, Interest Rate and the Open Economy Essays on Horizontalism, edited by L.-P. Rochon and M. Vernengo, 11–30. Cheltenham: Edward Elgar.
  • Ndikumana, L. 1999. “Debt Service, Financing Constraints, and Fixed Investment: Evidence from Panel Data.” Journal of Post Keynesian Economics 21(3): 455–478.
  • Nishi, H. 2011. “The Consequences of Internationalization of Trade and Financial Transactions on Growth: Combining an Institutional Hierarchy Hypothesis with a Keynes-Minsky Approach.” In Diversity and Transformations of Asian Capitalisms: A De Facto Regional Integration, edited by R. Boyer, U. Uemura and A. Isogai, 264–284. London: Routledge.
  • Nishi, H. 2012. “Structural VAR Analysis of Debt, Capital Accumulation, and Income Distribution in the Japanese Economy: A Post-Keynesian Perspective.” Journal of Post Keynesian Economics 34(4): 685–712.
  • Ohno, T. 2013. “Models of Competition between Firms: Endogenous Market Structure in the Kaleckian Model.” Metroeconomica 64(1): 103–124.
  • Onaran, O., and G. Galanis. 2013. “Is Aggregate Demand Wage-Led or Profit-Led? National and Global Effects.” Conditions of Work and Employment Series (40): 1–63.
  • Orhangazi, O. 2008a. “Financialisation and Capital Accumulation in the Non-Financial Corporate Sector: A Theoretical and Empirical Investigation on the US Economy: 1973–2003.” Cambridge Journal of Economics 32(6): 863–886.
  • Orhangazi, O. 2008b. Financialization and the US Economy. Cheltenham, UK and Northampton, MA: Edward Elgar.
  • Rochon, L.-P. 2001. “Horizontalism: Setting the record straight.” In Credit, Interest Rate and the Open Economy: Essays on Horizontalism, edited by L.-P. Rochon and M. Vernengo, 31–65. Cheltenham: Edward Elgar.
  • Sasaki, H. 2011. “Conflict, Growth, Distribution, and Employment: A Long-Run Kaleckian Model.” International Review of Applied Economics 25(5): 539–557.
  • Sasaki, H. 2012. “Is the Long-Run Equilibrium Wage-Led or Profit-Led? a Kaleckian Approach.” Structural Change and Economic Dynamics 23(3): 231–244.
  • Sasaki, H., and S. Fujita. 2012. “The Importance of the Retention Ratio in a Kaleckian Model with Debt Accumulation.” Metroeconomica 63(3): 417–428.
  • Stockhammer, E., and O. Onaran. 2013. “Wage-led Growth: Theory, Evidence, Policy.” Working Paper Series (300).
  • Storm, S., and C. W. M. Naastepad. 2012. Macroeconomics beyond the NAIRU. Cambridge, MA: Harvard University Press.
  • Taylor, L. 2004. Reconstructing Macroeconomics: Structuralist Proposals and Critiques of the Mainstream. Cambridge, MA: Harvard University Press.
  • Uemura, H. 2011. “Institutional Changes and the Transformations of the Growth Regime in the Japanese Economy: Facing the Impact of the World Economic Crisis and Asian Integration.” In Diversity and Transformations of Asian Capitalisms: A De Facto Regional Integration, edited by R. Boyer, U. Uemura and A. Isogai, 107–128. London: Routledge.
  • Uni, H. 2011. “Increasing Wage Inequality in Japan since the End of the 1990s: An Institutional Explanation.” In Diversity and Transformations of Asian Capitalisms: A De Facto Regional Integration, edited by R. Boyer, U. Uemura and A. Isogai, 90–106. London: Routledge.
  • van Treeck, T. 2008. “Reconsidering the Investment-Profit Nexus in Finance-Led Economies: An ARDL-Based Approach.” Metroeconomica 59(3): 371–404.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.