Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/167668
Authors: 
Sell, Friedrich L.
Öllinger, Michael
Year of Publication: 
2017
Series/Report no.: 
Volkswirtschaftliche Diskussionsbeiträge, Universität der Bundeswehr München, Fachgruppe für Volkswirtschaftslehre 2017,1
Abstract (Translated): 
In this paper, we present a combination of Keynesian and Kaldorian macroeconomic distribution theory. An important outcome of our research is that the (total) savings ratio is a positive function of the profit quota. In the empirical section of the paper, we first present the development of the saving quotas, of the profit quotas and of the total tax quotas among 8 European countries between 1999 and 2014. Furthermore, we conduct a linear regression analysis for the countries mentioned and find empirical support for a savings function in the vein of Nicholas Kaldor. We also find empirical support for the (modified) so-called second Keynesian equation. Finally, some economic policy thoughts and a summary with a scope for future research close our exposition.
Subjects: 
Keynesian and Kaldorian Approaches to Income Distribution
Income Distribution in European Economies
Empirical Estimates of Saving Functions
JEL: 
D30
D33
D63
Document Type: 
Working Paper

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