Quotation Rezai, Armon. 2012. Goodwin Cycles, Distributional Conflict, and Productivity Growth. Metroeconomica 63 (1), 29-39.


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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.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Metroeconomica
Language English
Title Goodwin Cycles, Distributional Conflict, and Productivity Growth
Volume 63
Number 1
Year 2012
Page from 29
Page to 39
Reviewed? Y
URL http://onlinelibrary.wiley.com/doi/10.1111/j.1467-999X.2011.04144.x/abstract
DOI http://dx.doi.org/10.1111/j.1467-999X.2011.04144.x

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People
Rezai, Armon (Details)
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Institute for Multi-Level Governance and Development IN (Details)
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