Institutional Changes, Effective Demand, and Inequality: A Structuralist Model of Secular Stagnation
ABSTRACT This paper addresses the factors driving economic stagnation and inequality in the US over recent decades. We study a demand‐driven model with joint adjustment of the functional distribution and capacity utilization in the short run, and explore the dynamics of wealth accumulation and labor productivity growth in the long run.
Vinicius Curti Cícero, Daniele Tavani
wiley +1 more source
Unbalanced growth and land overvaluation. [PDF]
Hirano T, Toda AA.
europepmc +1 more source
ABSTRACT The paper examines the financial balances of the US economy. Government is the main borrower and households and the foreign sector the main lenders. Business net lending is minimal. The balances and their underlying transactions contradict the loanable funds theory and its “global savings glut” variation.
Michalis Nikiforos, Lance Taylor
wiley +1 more source
Synthetic biology approaches to generate temperature-sensitive alleles for the Sterile Insect Technique. [PDF]
Leung CY, Wimmer EA, Ahmed HMM.
europepmc +1 more source
Luigi Pasinetti and Adolph Lowe: Bridging Capital Theory and Institutional Analysis
ABSTRACT This article examines the convergence of Luigi Pasinetti's and Adolph Lowe's political economy, linking capital theory, institutions, and normative methodology. Pasinetti's two‐stage approach and Lowe's instrumental method share a common emphasis on the structural requirements and institutional arrangements for attaining and maintaining full ...
Michael J. Murray
wiley +1 more source
Structural diversity and technological trajectories in the agrarian sector in the Amazon: ideas and contexts. A testimony by Francisco de Assis Costa. [PDF]
Monteiro AMV +3 more
europepmc +1 more source
Output Gap Uncertainty, Sovereign Risk Premia and the Contingent Importance of the Bond Vigilantes
ABSTRACT This paper investigates the implications of output gap uncertainty for the conduct of fiscal policy using a small‐scale macroeconomic model with boundedly rational agents. Specifically, agents use an adaptive updating mechanism to approximate the unobservable potential output that suffers, similarly to the Hodrick and Prescott (1997) filter ...
Christian R. Proaño, Jonas Dix
wiley +1 more source
Health professional and public perspectives on environmentally sustainable healthcare in Trinidad and Tobago. [PDF]
De Freitas L +4 more
europepmc +1 more source
Pseudo, or Not? Neo‐Goodwinian Growth Cycles With Financial Linkages
ABSTRACT A profit‐led Goodwin mechanism generates the observed counterclockwise activity–labor share cycle. Introducing a financial linkage can reproduce this pattern even when demand is not profit‐led. This paper extends neo‐Goodwinian theory by incorporating the valuation ratio into a four‐dimensional model.
Rudiger von Arnim, Luis Felipe Eick
wiley +1 more source
Biodiversity risks and corporate innovation: Evidence from China. [PDF]
Lin Y, Song Z.
europepmc +1 more source

