We present a stock-flow consistent model of growth for a closed economy that encompasses virtually all (one sector) post-Keynesian growth models as special cases. Adopting Kaldorian hypotheses on the propensity to save of wage earners and recipients of firms and banks profits, we then use the model to analyze - in a preliminary way - the relationship between growth and the distribution of income in financially sophisticated economies.
Distribution and Growth in a Post-Keynesian Stock-Flow Consistent Model
ZEZZA, Gennaro;
2006-01-01
Abstract
We present a stock-flow consistent model of growth for a closed economy that encompasses virtually all (one sector) post-Keynesian growth models as special cases. Adopting Kaldorian hypotheses on the propensity to save of wage earners and recipients of firms and banks profits, we then use the model to analyze - in a preliminary way - the relationship between growth and the distribution of income in financially sophisticated economies.File in questo prodotto:
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