Europäische Volkswirtschaften im Lichte der Kreislauftheorie der Einkommensverteilung

Friedrich L. Sell and Michael Öllinger

No 2017,1, Working Papers in Economics from Bundeswehr University Munich, Economic Research Group

Abstract: In this paper, we present a combination of Keynesian and Kaldorian macroeconomic distribution theory. An important outcome of our research is that the (total) savings ratio is a positive function of the profit quota. In the empirical section of the paper, we first present the development of the saving quotas, of the profit quotas and of the total tax quotas among 8 European countries between 1999 and 2014. Furthermore, we conduct a linear regression analysis for the countries mentioned and find empirical support for a savings function in the vein of Nicholas Kaldor. We also find empirical support for the (modified) so-called second Keynesian equation. Finally, some economic policy thoughts and a summary with a scope for future research close our exposition.

Keywords: Keynesian and Kaldorian Approaches to Income Distribution; Income Distribution in European Economies; Empirical Estimates of Saving Functions (search for similar items in EconPapers)
JEL-codes: D30 D33 D63 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-ger and nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ubwwpe:20171

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