Overview

The purpose of this text is to explain the changes in specific macroeconomic variables such as the relative share of labour, the profit rate and the real wage rate in advanced capitalist economies, in relation to the influence of the business cycle in income distribution. To explain these changes the author examines three types of theory - Kaldorian theory, the Real Business Cycle theory, and the new Keynesian theory - with a specific focus on Kaldor's approach.

Full Product Details

Author:   Mitsuhiko Iyoda
Publisher:   Springer
Imprint:   Springer
Edition:   1997 ed.
Dimensions:   Width: 15.50cm , Height: 1.20cm , Length: 23.50cm
Weight:   0.980kg
ISBN:  

9780792398684

ISBN 10:   0792398688
Pages:   160
Publication Date:   31 October 1997
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

1. Introduction.- 2. Some Facts About the Typical Business Cycle.- Some Facts in General.- Comparative Methods.- Results in Detail.- Factors Conditioning Interpretations.- Stylized Facts and Some Explanations of These Facts.- Appendix 2A: Methods of Imputation and Their Validity.- Appendix 2B: Data.- Appendix 2C: Tables.- 3. Kaldor’s Model.- Kaldor’s Model.- Interpretation.- Comments.- Historical Constancies.- Conclusions: Some Remarks on Kaldor’s Model.- Appendix 3A: A Neoclassical Model of Income Distribution — In Comparison with Kaldor’s Model.- 4. Kaldorian Models: Two Applied Models.- Model A: An Employment Decision Approach.- Model B: A Markup Pricing Approach.- Conclusions: Some Remarks on Models A and B.- Appendix 4A: Model A: On Solution.- Appendix 4B: Equations for Comparative Statics.- Appendix 4C: A Model (1976).- Appendix 4D: Model B: On Solution.- Appendix 4E: The First Partial Derivative and Growth-Rate Equations.- 5. Other Models.- The Real Business Cycle Theory.- The New Keynesian Theory.- Conclusions: Some Remarks on Each Theory.- 6. Conclusions 133.- Summary.- Methodological Research Agenda.- Determinants of Investment.- Government Policy and International Trade.- Test of the Models and Model Calibration.- Questions Remaining for the Future.- References.

Reviews

Author Information

Tab Content 6

Author Website:  

Customer Reviews

Recent Reviews

No review item found!

Add your own review!

Countries Available

All regions