Research Article
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Year 2019, Volume 7, Issue 2, 266 - 276, 01.12.2019
https://doi.org/10.14514/byk.m.26515393.2019.7/2.266-276

Abstract

References

  • Barro, R. J. (1974). Are Government Bonds Net Wealth? Journal of Political Economy, 82(6), 1095–1117. https://doi.org/10.1086/260266
  • D’Erasmo, P., & Mendoza, E. G. (2016). Distributional Incentives in an Equilibrium Model of Domestic Sovereign Default. Journal of the European Economic Association, 14(1), 7–44.
  • Diamond, P. A. (1965). National Debt in a Neoclassical Growth Model. American Economic Review, 55(5), 1126. Retrieved from bth.
  • Flodén, M. (2001). The effectiveness of government debt and transfers as insurance. Journal of Monetary Economics, 48(1), 81–108. https://doi.org/10.1016/S0304-3932(01)00064-2
  • Hein, E. (2007). Interest rate, debt, distribution and capital accumulation in a post-Kaleckian model. Metroeconomica, 58(2), 310–339.
  • Hein, E. (2018). Autonomous government expenditure growth, deficits, debt, and distribution in a neo-Kaleckian growth model. Journal of Post Keynesian Economics, 1–23. https://doi.org/10.1080/01603477.2017.1422389
  • Kaldor, N. (1955). Alternative Theories of Distribution. The Review of Economic Studies, 23(2), 83. https://doi.org/10.2307/2296292
  • Kalecki, M. (1938). The Determinants of Distribution of the National Income. Econometrica, 6(2), 97–112. https://doi.org/10.2307/1907142
  • Kalecki, M. (1954). Theory of economic dynamics: An essay on cyclical and long-run changes in capitalist economy (Reprinted). London: Routledge.
  • Mankiw. (2000). The Savers-Spenders Theory of Fiscal Policy. American Economic Review, 90(May), 120–125.
  • Modigliani, F. (1961). Long-Run Implications of Alternative Fiscal Policies and the Burden of the National Debt. The Economic Journal, 71(284), 730–755. https://doi.org/10.2307/2228247
  • Palley, T. I. (1997). Aggregate Demand and Endogenous Growth: A Generalized KeynesKaldor Model of Economic Growth. Metroeconomica, 48(2), 161–176.
  • Palley, T. I. (2012). Wealth and wealth distribution in the neo-Kaleckian growth model. Journal of Post Keynesian Economics, 34(3), 453–474. https://doi.org/10.2753/PKE01603477340304
  • Pasinetti, L. L. (1962). Rate of Profit and Income Distribution in Relation to the Rate of Economic Growth. The Review of Economic Studies, 29(4), 267. https://doi.org/10.2307/2296303
  • Pasinetti, L. L. (1989). Ricardian debt/taxation equivalence in the Kaldor theory of profits and income distribution. Cambridge Journal of Economics, 13(1), 25–36.
  • Samuelson, P. A., & Modigliani, F. (1966). The Pasinetti Paradox in Neoclassical and More General Models. The Review of Economic Studies, 33(4), 269. https://doi.org/10.2307/2974425
  • Steedman, I. (1972). The State and the Outcome of the Pasinetti Process. The Economic Journal, 82(328), 1387–1395. https://doi.org/10.2307/2231318
  • Ünveren, B., & Sunal, S. (2015). Why is the Labor Share so Low in Turkey?: Low Labor Share in Turkey. The Developing Economies, 53(4), 272–288. https://doi.org/10.1111/deve.12089
  • Yakut, A. M., & Voyvoda, E. (2017). Intertemporal CGE Analysis of Income Distribution in Turkey. ERC Working Papers in Economics, 58.

A SUMMARY OF KALECKIAN AND KALDORIAN MODELS ON INCOME DISTRIBUTION

Year 2019, Volume 7, Issue 2, 266 - 276, 01.12.2019
https://doi.org/10.14514/byk.m.26515393.2019.7/2.266-276

Abstract

There are two main lines of theories about income distribution, following the seminal papers of Kalecki and Kaldor. These two theories have different aspect in terms of their assumptions about competitive characteristics of market, capital utilization, market imperfections and the role of government. Several studies are designed to develop these two theories and some studies use assumptions of both theories in order to explain the income distribution. This article includes a summary of Kaleckian and Kaldorian models; their assumptions and recent contributions to these models.

References

  • Barro, R. J. (1974). Are Government Bonds Net Wealth? Journal of Political Economy, 82(6), 1095–1117. https://doi.org/10.1086/260266
  • D’Erasmo, P., & Mendoza, E. G. (2016). Distributional Incentives in an Equilibrium Model of Domestic Sovereign Default. Journal of the European Economic Association, 14(1), 7–44.
  • Diamond, P. A. (1965). National Debt in a Neoclassical Growth Model. American Economic Review, 55(5), 1126. Retrieved from bth.
  • Flodén, M. (2001). The effectiveness of government debt and transfers as insurance. Journal of Monetary Economics, 48(1), 81–108. https://doi.org/10.1016/S0304-3932(01)00064-2
  • Hein, E. (2007). Interest rate, debt, distribution and capital accumulation in a post-Kaleckian model. Metroeconomica, 58(2), 310–339.
  • Hein, E. (2018). Autonomous government expenditure growth, deficits, debt, and distribution in a neo-Kaleckian growth model. Journal of Post Keynesian Economics, 1–23. https://doi.org/10.1080/01603477.2017.1422389
  • Kaldor, N. (1955). Alternative Theories of Distribution. The Review of Economic Studies, 23(2), 83. https://doi.org/10.2307/2296292
  • Kalecki, M. (1938). The Determinants of Distribution of the National Income. Econometrica, 6(2), 97–112. https://doi.org/10.2307/1907142
  • Kalecki, M. (1954). Theory of economic dynamics: An essay on cyclical and long-run changes in capitalist economy (Reprinted). London: Routledge.
  • Mankiw. (2000). The Savers-Spenders Theory of Fiscal Policy. American Economic Review, 90(May), 120–125.
  • Modigliani, F. (1961). Long-Run Implications of Alternative Fiscal Policies and the Burden of the National Debt. The Economic Journal, 71(284), 730–755. https://doi.org/10.2307/2228247
  • Palley, T. I. (1997). Aggregate Demand and Endogenous Growth: A Generalized KeynesKaldor Model of Economic Growth. Metroeconomica, 48(2), 161–176.
  • Palley, T. I. (2012). Wealth and wealth distribution in the neo-Kaleckian growth model. Journal of Post Keynesian Economics, 34(3), 453–474. https://doi.org/10.2753/PKE01603477340304
  • Pasinetti, L. L. (1962). Rate of Profit and Income Distribution in Relation to the Rate of Economic Growth. The Review of Economic Studies, 29(4), 267. https://doi.org/10.2307/2296303
  • Pasinetti, L. L. (1989). Ricardian debt/taxation equivalence in the Kaldor theory of profits and income distribution. Cambridge Journal of Economics, 13(1), 25–36.
  • Samuelson, P. A., & Modigliani, F. (1966). The Pasinetti Paradox in Neoclassical and More General Models. The Review of Economic Studies, 33(4), 269. https://doi.org/10.2307/2974425
  • Steedman, I. (1972). The State and the Outcome of the Pasinetti Process. The Economic Journal, 82(328), 1387–1395. https://doi.org/10.2307/2231318
  • Ünveren, B., & Sunal, S. (2015). Why is the Labor Share so Low in Turkey?: Low Labor Share in Turkey. The Developing Economies, 53(4), 272–288. https://doi.org/10.1111/deve.12089
  • Yakut, A. M., & Voyvoda, E. (2017). Intertemporal CGE Analysis of Income Distribution in Turkey. ERC Working Papers in Economics, 58.

Details

Primary Language English
Subjects Humanities, Multidisciplinary
Journal Section Articles
Authors

Fatma Pınar ARSLAN> (Primary Author)
ISTANBUL MEDENIYET UNIVERSITY
0000-0003-4596-165X
Türkiye

Publication Date December 1, 2019
Published in Issue Year 2019, Volume 7, Issue 2

Cite

Bibtex @research article { beykozad676703, journal = {Beykoz Akademi Dergisi}, eissn = {2651-5393}, address = {Beykoz Üniversitesi Vatan Cad. No: 69 Kavacık-Beykoz / İstanbul 34805}, publisher = {Beykoz University}, year = {2019}, volume = {7}, number = {2}, pages = {266 - 276}, doi = {10.14514/byk.m.26515393.2019.7/2.266-276}, title = {A SUMMARY OF KALECKIAN AND KALDORIAN MODELS ON INCOME DISTRIBUTION}, key = {cite}, author = {Arslan, Fatma Pınar} }
APA Arslan, F. P. (2019). A SUMMARY OF KALECKIAN AND KALDORIAN MODELS ON INCOME DISTRIBUTION . Beykoz Akademi Dergisi , 7 (2) , 266-276 . DOI: 10.14514/byk.m.26515393.2019.7/2.266-276
MLA Arslan, F. P. "A SUMMARY OF KALECKIAN AND KALDORIAN MODELS ON INCOME DISTRIBUTION" . Beykoz Akademi Dergisi 7 (2019 ): 266-276 <https://dergipark.org.tr/en/pub/beykozad/issue/51967/676703>
Chicago Arslan, F. P. "A SUMMARY OF KALECKIAN AND KALDORIAN MODELS ON INCOME DISTRIBUTION". Beykoz Akademi Dergisi 7 (2019 ): 266-276
RIS TY - JOUR T1 - A SUMMARY OF KALECKIAN AND KALDORIAN MODELS ON INCOME DISTRIBUTION AU - Fatma PınarArslan Y1 - 2019 PY - 2019 N1 - doi: 10.14514/byk.m.26515393.2019.7/2.266-276 DO - 10.14514/byk.m.26515393.2019.7/2.266-276 T2 - Beykoz Akademi Dergisi JF - Journal JO - JOR SP - 266 EP - 276 VL - 7 IS - 2 SN - -2651-5393 M3 - doi: 10.14514/byk.m.26515393.2019.7/2.266-276 UR - https://doi.org/10.14514/byk.m.26515393.2019.7/2.266-276 Y2 - 2019 ER -
EndNote %0 Beykoz Akademi Dergisi A SUMMARY OF KALECKIAN AND KALDORIAN MODELS ON INCOME DISTRIBUTION %A Fatma Pınar Arslan %T A SUMMARY OF KALECKIAN AND KALDORIAN MODELS ON INCOME DISTRIBUTION %D 2019 %J Beykoz Akademi Dergisi %P -2651-5393 %V 7 %N 2 %R doi: 10.14514/byk.m.26515393.2019.7/2.266-276 %U 10.14514/byk.m.26515393.2019.7/2.266-276
ISNAD Arslan, Fatma Pınar . "A SUMMARY OF KALECKIAN AND KALDORIAN MODELS ON INCOME DISTRIBUTION". Beykoz Akademi Dergisi 7 / 2 (December 2019): 266-276 . https://doi.org/10.14514/byk.m.26515393.2019.7/2.266-276
AMA Arslan F. P. A SUMMARY OF KALECKIAN AND KALDORIAN MODELS ON INCOME DISTRIBUTION. Beykoz Akademi Dergisi. 2019; 7(2): 266-276.
Vancouver Arslan F. P. A SUMMARY OF KALECKIAN AND KALDORIAN MODELS ON INCOME DISTRIBUTION. Beykoz Akademi Dergisi. 2019; 7(2): 266-276.
IEEE F. P. Arslan , "A SUMMARY OF KALECKIAN AND KALDORIAN MODELS ON INCOME DISTRIBUTION", Beykoz Akademi Dergisi, vol. 7, no. 2, pp. 266-276, Dec. 2019, doi:10.14514/byk.m.26515393.2019.7/2.266-276