Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/102976
Authors: 
Hartwig, Jochen
Year of Publication: 
2014
Series/Report no.: 
KOF Working Papers, KOF Swiss Economic Institute, ETH Zurich 349
Abstract: 
The Bhaduri-Marglin model is a post-Kaleckian model that allows for studying the impact of functional income distribution on the growth in demand. Over recent years, a number of empirical studies based on this model have aimed at determining whether a redistribution towards profits harms or fosters demand growth. The focus so far has been on a very limited number of countries. This paper is the first to test the Bhaduri-Marglin model with panel data. It finds that demand growth is reduced by a redistribution towards profits in the average OECD country. Productivity growth is also impaired.
Subjects: 
Distribution
demand growth
productivity growth
Bhaduri-Marglin model
OECD panel data
JEL: 
C23
E12
E20
O30
O40
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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