• Economics
  • Published 2005

Wage-led Regime, Profit-led Regime and Cycles: a Model(French title for the publication: Régime wage-led, régime profit-led et cycles: un modèle)

@inproceedings{Canry2005WageledRP,
  title={Wage-led Regime, Profit-led Regime and Cycles: a Model(French title for the publication: R{\'e}gime wage-led, r{\'e}gime profit-led et cycles: un mod{\`e}le)},
  author={Nicolas Canry},
  year={2005}
}
We propose a dynamic model which deals with the impact of income distribution variations on growth. In that goal, we use two models : the classical Goodwin model (1967) and the Bhaduri-Marglin model (1990), which also focuses on the links between income distribution and growth, but in a Keynesian frame. We introduce Keynesian demand constraints within the Goodwin model and modify its investment function, which becomes non-linear. With these new hypotheses, we show that Goodwin cycles may either… CONTINUE READING