Conflict, growth, distribution, and employment: a long-run Kaleckian model
Conflict, growth, distribution, and employment: a long-run Kaleckian model
复制标题
冲突、增长、分配和就业:长期卡莱克模型
DOI:
10.1080/02692171.2011.557057
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发表时间:
2011
影响因子:
2.2
通讯作者:
H. Sasaki
中科院分区:
文献类型:
--
作者:
H. Sasaki
Abstract This paper presents a Kaleckian growth model in which (i) the rate of capacity utilization, the profit share, and the rate of employment are adjusted in the medium run, and (ii) the normal rate of capacity utilization and the expected rate of capital accumulation are adjusted in the long run. The long-run equilibrium is a continuum of equilibria and is characterized by hysteresis in that the long-run position of the economy depends on where it starts. An increase in the bargaining power of workers lowers the rate of unemployment in both the medium-run and the long-run equilibrium.