Testing the Bhaduri-Marglin Model with OECD Panel Data

Jochen Hartwig

No 14-349, KOF Working papers from KOF Swiss Economic Institute, ETH Zurich

Abstract: The Bhaduri-Marglin model is a post-Kaleckian model that allows for studying the impact of functional income distribution on the growth in demand. Over recent years, a number of empirical studies based on this model have aimed at determining whether a redistribution towards profits harms or fosters demand growth. The focus so far has been on a very limited number of countries. This paper is the first to test the Bhaduri-Marglin model with panel data. It finds that demand growth is reduced by a redistribution towards profits in the average OECD country. Productivity growth is also impaired.

Keywords: Distribution; Demand growth; Productivity growth; Bhaduri-Marglin model; OECD panel data (search for similar items in EconPapers)
Pages: 25 pages
Date: 2014-01
New Economics Papers: this item is included in nep-fdg and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (30)

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http://dx.doi.org/10.3929/ethz-a-010061748 (application/pdf)

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Journal Article: Testing the Bhaduri-Marglin model with OECD panel data (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:kof:wpskof:14-349

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