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http://hdl.handle.net/10419/59304
  

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dc.contributor.authorHein, Eckharden_US
dc.date.accessioned2012-06-21en_US
dc.date.accessioned2012-06-22T11:33:35Z-
dc.date.available2012-06-22T11:33:35Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/59304-
dc.description.abstractFocussing on the long-run effects of 'financialisation' and increasing shareholder power in a simple Post-Kaleckian endogenous growth model, we examine the effects of increasing shareholder power on the demand regime, on the productivity regime, and on the overall regime of the model. Under special conditions increasing shareholder power may have positive effects on capital accumulation and productivity growth and hence on potential growth of the economy. However, such a regime does not only require directly positive - or under certain conditions only weakly negative - effects of increasing shareholder power on the productivity regime. It also requires expansive - or under special circumstances only weakly contractive - effects of increasing shareholder power on capital accumulation via the demand regime of the economy. Both conditions have recently been questioned on empirical grounds, so that an overall long-run 'contractive' regime seems to be the most likely outcome of 'financialisation' rising shareholder power and pronounced shareholder value orientation.en_US
dc.language.isoengen_US
dc.publisherInst. for International Political Economy Berlinen_US
dc.relation.ispartofseriesWorking Paper, Institute for International Political Economy Berlin 01/2009en_US
dc.subject.jelE12en_US
dc.subject.jelE21en_US
dc.subject.jelE22en_US
dc.subject.jelE25en_US
dc.subject.jelO16en_US
dc.subject.jelO41en_US
dc.subject.ddc330en_US
dc.subject.keywordFinancialisationen_US
dc.subject.keyworddistributionen_US
dc.subject.keywordcapital accumulationen_US
dc.subject.keywordproductivity growthen_US
dc.subject.keywordKaleckian modelen_US
dc.titleFinancialisation', distribution, capital accumulation and productivity growth in a Post-Kaleckian modelen_US
dc.typeWorking Paperen_US
dc.identifier.ppn718076761en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:ipewps:012009-
Appears in Collections:IPE Working Papers, Institute for International Political Economy, HWR Berlin

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