Demand and distribution in integrated economies

Cambridge Journal of Economics

Volumn 39, Issue 5, 2015, Pages 1399-1414

  Rezai, Armon ^a,b  

^a VIENNA UNIVERSITY OF ECONOMICS AND BUSINESS   (Austria)

^b INTERNATIONAL INSTITUTE FOR APPLIED SYSTEMS ANALYSIS   (Austria)

Author keywords

Adding up constraints; Devaluation; Distribution; Growth; International macroeconomics; Open economy

Indexed keywords

DEMAND ANALYSIS; ECONOMETRICS; ECONOMIC GROWTH; GLOBAL ECONOMY; MACROECONOMICS; NUMERICAL MODEL;

EID: 84940887951     PISSN: 0309166X     EISSN: 14643545     Source Type: Journal    
DOI: 10.1093/cje/beu060     Document Type: Article

References (40)

1. Bhaduri, A. and Marglin, S. 1990. Unemployment and the real wage: the economic basis for contesting political ideologies, Cambridge Journal of Economics, vol. 14, no. 4, 375-93
2. Blecker, R. 1989. International competition, income distribution and economic growth, Cambridge Journal of Economics, vol. 13, no. 3, 395-412
3. Blecker, R. 1999. Kaleckian macro models for open economies, pp. 116-49 in Deprez, J. and Harvey, J. (eds), Foundations of International Economics: Post Keynesian Perspectives, London, Routledge
4. Blecker, R. 2002. Distribution, demand and growth in neo-Kaleckian macro models, pp. 129-52 in Setterfield, M. (ed.), The Economics of Demand-led Growth: Challenging the Supply-side Vision of the Long Run, Cheltenham, Edward Elgar
5. Blecker, R. 2011. Open economy models of distribution and growth, pp. 215-39 in Hein, E. and Stockhammer, E. (eds), A Modern Guide to Keynesian Macroeconomics and Economic Policies, Cheltenham, Edward Elgar
6. Bowles, S. and Boyer, R. 1995. Wages, aggregate demand, and employment in an open economy: an empirical investigation, pp. 143-71 in Epstein, G. and Gintis, H. (eds), Macroeconomic Policy after the Conservative Era, Cambridge, UK, Cambridge University Press
7. Carvalho, L. de and Rezai, A. 2014. Personal income inequality and aggregate demand, Cambridge Journal of Economics, forthcoming
8. Dutt, A. 1984. Stagnation, income distribution and monopoly power, Cambridge Journal of Economics, vol. 8, no. 1, 25-40
9. Dutt, A. 1990. Growth, Distribution, and Uneven Development, Cambridge, UK, Cambridge University Press
10. Dutt, A. 2002. Thirlwall's law and uneven development, Journal of Post Keynesian Economics, vol. 24, no. 3, 367-90
11. Ederer, S. and Stockhammer, E. 2007. Wages and aggregate demand in France: an empirical investigation, pp. 119-40 in Hein, E. and Truger, A. (eds), Money, Distribution and Economic Policy: Alternatives to Orthodox Macroeconomics, Cheltenham, Edward Elgar
12. Godley, W. 1999. Seven Unsustainable processes: medium-term prospects and policies for the United States and the world, Economics Strategic Analysis Archive 99-10, Levy Economics Institute
13. Godley, W. and Cripps, F. 1983. Macroeconomics, New York, Oxford University Press
14. Godley, W. and Lavoie, M. 2007. Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth, Basingstoke, Palgrave Macmillan
15. Goodwin, R. M. 1949. The multiplier as matrix, Economic Journal, vol. 59, 537-55
16. Goodwin, R. M. 1980. World trade multipliers, Journal of Post Keynesian Economics, vol. 2, 319-44
17. Gordon, D. 1995. Growth, distribution, and the rules of the game: social structuralist macro foundations for a democratic economic policy, pp. 335-83 in Epstein, G. and Gintis, H. (eds), Macroeconomic Policy after the Conservative Era, Cambridge, UK, Cambridge University Press
18. Harrod, R. F. 1939. International Economics, rev. edn, Cambridge, UK, Cambridge University Press
19. Hein, E. and Vogel, L. 2008. Distribution and growth reconsidered: empirical results for six OECD countries, Cambridge Journal of Economics, vol. 32, no. 3, 479-511
20. Kaldor, N. 1970. The case for regional policies, Scottish Journal of Political Economy, vol. 17, no. 3, 337-48
21. Kiefer, D. and Rada, C. 2014. Profit maximizing goes global: the race to the bottom, Cambridge Journal of Economics, forthcoming
22. Krugman, P. and Taylor, L. 1978. Contractionary effects of devaluation, Journal of International Economics, vol. 8, no. 3, 445-56
23. La Marca, M. 2010. Real exchange rate, distribution and macro fluctuations in export- oriented economies, Metroeconomica, vol. 61, no. 1, 124-51
24. Leontief, W. 1953. Domestic production and foreign trade: the American capital position reexamined, Proceedings of the American Philosophical Society, vol. 97, no. 4, 332-49
25. McCombie, J. 1993. Economic growth, trade interlinkages, and the balance-of-payments constraint, Journal of Post Keynesian Economics, vol. 15, no. 4, 471-505
26. Metzler, L. A. 1950. A multiple region theory of income and trade, Econometrica, vol. 18, 329-54
27. Minsky, H. 1983. 'Monetary Policies and the International Financial Environment', Hyman P. Minsky Archive. Paper 377. http://digitalcommons.bard.edu/hm_archive/377
28. Miyazawa, K. 1960. Foreign trade multiplier, input-output analysis and the consumption function, Quarterly Journal of Economics, vol. 74, 53-64
29. Naastepad, C. 2006. Technology, demand and distribution: a cumulative growth model with an application to the Dutch productivity growth slowdown, Cambridge Journal of Economics, vol. 30, no. 3, 403-34
30. Naastepad, C. and Storm, S. 2007. OECD demand regimes (1960-2000), Journal of Post Keynesian Economics, vol. 29, no. 2, 211-46
31. Stockhammer, E., Onaran, Ö. and Ederer, S. 2009. Functional income distribution and aggregate demand in the euro area, Cambridge Journal of Economics, vol. 33, no. 1, 139-59
32. Taylor, L. 1981. South-North trade and southern growth: bleak prospects from the structuralist point of view, Journal of International Economics, vol. 11, no. 4, 589-602
33. Taylor, L. 1985. A stagnationist model of economic growth, Cambridge Journal of Economics, vol. 9, no. 4, 383-403
34. Taylor, L. 1995. Pasinetti's processes, Cambridge Journal of Economics, vol. 19, no. 5, 697-713
35. Taylor, L. 2004. Reconstructing Macroeconomics: Structuralist Proposals and Critiques of the Mainstream, Cambridge, MA, Harvard University Press
36. Taylor, L. 2010. Maynard's Revenge: The Collapse of Free Market Macroeconomics, Cambridge, MA, Harvard University Press
37. Thirlwall, A. 2011. Balance of payments constrained growth models: history and overview, PSL Quarterly Review, vol. 64, 307-51
38. von Arnim, R. 2009. Recession and rebalancing: how the housing and credit crisis will impact real activity, Journal of Policy Modeling, vol. 31, no. 3, 309-24
39. von Arnim, R. 2011. Wage policy in an open economy Kalecki-Kaldor model: a simulation study, Metroeconomica, vol. 62, no. 2, 235-64
40. von Arnim, R., Tavani, D. and Carvalho, L. de 2014. Globalization as coordination failure: a Keynesian perspective, Metroeconomica, vol. 65, no. 3, 430-59