Inequality and growth in neo-Kaleckian and Cambridge growth theory
"This paper examines the relationship between inequality and growth in the neo-Kaleckian and Cambridge growth models. The paper explores the channels whereby functional and personal income distribution impact growth. The growth - inequality relationship can be negative or positive, depending on...
| Main Author: | |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Düsseldorf
2016
IMK |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19103643124919218259-inequality-and-growth-in-neo-K.htm |
| _version_ | 1771659893199077378 |
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| author | Palley, Thomas I. |
| author_facet | Palley, Thomas I. |
| collection | Library items |
| description | "This paper examines the relationship between inequality and growth in the neo-Kaleckian and Cambridge growth models. The paper explores the channels whereby functional and personal income distribution impact growth. The growth - inequality relationship can be negative or positive, depending on the economy's characteristics. Contrary to widespread claims, inequality per se does not impact growth through macroeconomic channels. Instead, both growth and inequality are impacted by changes in the underlying forms and pattern of income payments. However, inequality is critical at the microeconomic level as it explains differences in household propensities to consume which are at the foundation of neo-Kaleckian and Cambridge growth theory." |
| format | TEXT |
| id | 19103643124919218259_b2afe6a76cba47f58607a391f41bec69 |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19103643124919218259_b2afe6a76cba47f58607a391f41bec69 |
| is_hierarchy_title | Inequality and growth in neo-Kaleckian and Cambridge growth theory |
| language | English |
| physical | 45 p. Digital |
| publishDate | 2016 |
| publisher | Düsseldorf IMK |
| spellingShingle | Palley, Thomas I. economic growth economic theory income distribution macroeconomics social inequality Inequality and growth in neo-Kaleckian and Cambridge growth theory |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=106567992474 |
| title | Inequality and growth in neo-Kaleckian and Cambridge growth theory |
| topic | economic growth economic theory income distribution macroeconomics social inequality |
| url | https://www.labourline.org/KENTIKA-19103643124919218259-inequality-and-growth-in-neo-K.htm |