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Demand Drives Growth all the Way

Lance Taylor, Duncan Foley () and Armon Rezai

No 2017-10, SCEPA working paper series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School

Abstract: How does effective demand, productivity growth, income, and wealth distributions influence and constrain the economy? Authors use simulations to project the long-run growth rate at 2% per year and that the capitalist share of wealth may rise from about 40% to 70% percent.

Keywords: economic growth; demand and distribution; effective demand (search for similar items in EconPapers)
JEL-codes: E25 O47 (search for similar items in EconPapers)
Date: 2017-10
New Economics Papers: this item is included in nep-mac and nep-pke
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Related works:
Working Paper: Demand Drives Growth all the Way (2018) Downloads
Working Paper: Demand Drives Growth All The Way (2016) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:epa:cepawp:2017-11

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