{"title":"收入分配、正常利用和增长制度的(再)转换","authors":"Biao Huang, Xiaokai Zhao","doi":"10.1111/meca.12477","DOIUrl":null,"url":null,"abstract":"An important feature of the neo‐Kaleckian growth theory is that it distinguishes different growth (and demand) regimes: a profit‐led regime and a wage‐led regime. Both empirical and theoretical research have shown that growth (demand) regimes are not stable. In this study, we show that a change in income distribution can affect the normal capital capacity ratio, which can further cause a (re)switching in growth (and demand) regimes.","PeriodicalId":46885,"journal":{"name":"Metroeconomica","volume":"60 1","pages":""},"PeriodicalIF":1.0000,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Income distribution, normal utilisation, and (re)switching of growth regimes\",\"authors\":\"Biao Huang, Xiaokai Zhao\",\"doi\":\"10.1111/meca.12477\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"An important feature of the neo‐Kaleckian growth theory is that it distinguishes different growth (and demand) regimes: a profit‐led regime and a wage‐led regime. Both empirical and theoretical research have shown that growth (demand) regimes are not stable. In this study, we show that a change in income distribution can affect the normal capital capacity ratio, which can further cause a (re)switching in growth (and demand) regimes.\",\"PeriodicalId\":46885,\"journal\":{\"name\":\"Metroeconomica\",\"volume\":\"60 1\",\"pages\":\"\"},\"PeriodicalIF\":1.0000,\"publicationDate\":\"2024-06-27\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Metroeconomica\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.1111/meca.12477\",\"RegionNum\":3,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Metroeconomica","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1111/meca.12477","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
Income distribution, normal utilisation, and (re)switching of growth regimes
An important feature of the neo‐Kaleckian growth theory is that it distinguishes different growth (and demand) regimes: a profit‐led regime and a wage‐led regime. Both empirical and theoretical research have shown that growth (demand) regimes are not stable. In this study, we show that a change in income distribution can affect the normal capital capacity ratio, which can further cause a (re)switching in growth (and demand) regimes.