Open access
Author
Date
2014-01Type
- Working Paper
ETH Bibliography
yes
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Abstract
The Bhaduri-Marglin model is a post-Kaleckian model that allows for studying the impact of functional income distribution on the growth in demand. Over recent years, a number of empirical studies based on this model have aimed at determining whether a redistribution towards profits harms or fosters demand growth. The focus so far has been on a very limited number of countries. This paper is the first to test the Bhaduri-Marglin model with panel data. It finds that demand growth is reduced by a redistribution towards profits in the average OECD country. Productivity growth is also impaired. Show more
Permanent link
https://doi.org/10.3929/ethz-a-010061748Publication status
publishedJournal / series
KOF Working PapersVolume
Publisher
KOF Swiss Economic Institute, ETH ZurichSubject
MEMBER COUNTRIES OF THE OECD (ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT); Productivity growth; Distribution; OECD-MITGLIEDSLÄNDER (ORGANISATION FÜR WIRTSCHAFTLICHE ZUSAMMENARBEIT); NACHFRAGEBEEINFLUSSUNG (HANDEL); EINKOMMENSVERTEILUNG; Demand growth; OECD panel data; Bhaduri-Marglin model; INCOME DISTRIBUTION; INFLUENCES ON DEMAND (TRADE)Organisational unit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
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ETH Bibliography
yes
Altmetrics