Demand Drives Growth all the Way
A demand-driven alternative to the conventional Solow-Swan growth model is analyzed. Its medium run is built around Marx-Goodwin cycles of demand and distribution. Long-run income and wealth distributions follow rules of accumulation stated by Pasinetti in combination with a technical progress funct...
| Main Authors: | , , |
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| Format: | Others |
| Language: | en |
| Published: |
WU Vienna University of Economics and Business
2018
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| Online Access: | http://epub.wu.ac.at/6891/1/WP_20.pdf |