Empirical studies have found mixed results regarding whether various countries have wage-
led or profit-led demand regimes. Most of the previous literature has paid little attention to …

This paper presents a theoretical and empirical investigation of how changes in the size
distribution of income can affect aggregate demand and the demand regime of an economy …

We explore four decades of cyclical and long-run dynamics in income distribution and
economic activity for a panel of 13 OECD countries, as measured by the wage share and …

Abstract The Bhaduri–Marglin model has become a widely used workhorse model in
heterodox macroeconomics and has given rise to two dozen or so empirical studies, which …

This study investigates various economic factors' impact in determining the relationship
between functional income distribution and aggregate demand from both a theoretical and …

The authors outline and simulate a stylized Post-Keynesian two-country stock–flow
consistent model to demonstrate the interconnection of three of the main features/outcomes …

Our purpose in this paper is to expand Goodwin's (1967) distributive cycle model to an open
economy framework in a way that incorporates the balance-of-payments constraint on …

For the last two decades an increasing number of empirical studies have analysed the
relationship between income inequality and economic growth by classifying economies as …

We study a demand-driven growth and distribution model with a public sector, both without
and with government debt. Government spending is used to finance the accumulation of …

This study builds a North–South trade and uneven development model and investigates the
effects of changes in income distribution (the profit share) on economic growth rates of both …