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Görüntüleme (gezinme ile): 2 -- Görüntüleme (arama ile): -- IP: 13.58.244.216 -- Ziyaretçi Sayısı:
Özgün Başlık Income Distribution, Growth, and Conflict : the Aggregate Demand Nexus1 Yazarlar Özlem Onaran, Engelbert Stockhammer Dergi Adı ODTÜ Gelişme Dergisi Cilt 2008, Cilt 35, Sayı 1, ss. 209-224 Anahtar Kelimeler distribution ; demand ; investment ; consumption ; foreign trade ; macroeconomics ; Keynesian economics Özet This paper is a literature review on the recent Post-Keynesian empirical findings about the effect of income distribution on investment and growth in a variety of different countries and aims at discussing the policy implications of this literature. The core question is the following : Are actual economies wageled or profit-led? Current orthodoxy implicitly assumes that they are profit-led, and thus supports the neoliberal policy agenda. The merit of the Post-Keynesian / Kaleckian models is that they highlight the dual function of wages as a component of aggregate demand as well as a cost item. If an economy is not profit-led, then there is room for policies targeting growth and income distribution simultaneously. However, the economies are indeed dynamic in the sense that beyond a point an economy can shift from a wage-led to a profit-led regime, with an intensified distributional conflict. |