Income Distribution and Economic Growth: A Critical Approach
Accepted version
Peer-reviewed
Repository URI
Repository DOI
Change log
Authors
Arestis, Philip https://orcid.org/0000-0001-8729-4846
Abstract
The aim of this paper is to review the Kaleckian and post-Kaleckian literature on income distribution and economic growth and question the extent to which they analyse countries’ economic regimes and economic performances properly and appropriately to understand countries’ economic performances. The debate focuses on the inclusion of profit margin in the investment function as a way to characterize the effective demand regime in the neoliberal era as a profit-led growth regime. Our argument is that this inclusion is not able to evaluate properly the countries’ economic growth in terms of the consistency between its effective demand regimes and income distribution.
Description
Keywords
effective demand regime, income distribution, economic growth, Kalecki
Journal Title
Panoeconomicus
Conference Name
Journal ISSN
1452-595X
2217-2386
2217-2386
Volume Title
64
Publisher
Savez Ekonomista Vojvodine