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Income distribution, economic growth and unemployment
"This timely book addresses the critical issues of rising inequality and jobless economic growth. Presenting cutting edge research on income distribution, growth and labor markets in both developed and developing economies, it emphasizes the importance of considering these factors together rather than in isolation. Chapters are organized into three strongly thematic parts: revisiting theoretical innovations by the Cambridge School, offering new conceptual insights on growth, distribution and employment, and providing empirical analyses using advanced econometric methods. Leading experts discuss the relationship between distribution and growth, exploring key themes such as migration, the employment impact of Covid-19 and prestige clubs. The book further examines policy implications and outlines potential solutions to pressing economic challenges. Students and scholars of development economics, post-Keynesian economics and political economy will greatly benefit from this innovative book. It is also a crucial resource for practitioners and policymakers in the field of economic development"--
Introduction to income distribution, economic growth and unemployment / João Ricardo Faria, Jorge Thompson Araujo and João Gabriel de Araujo Oliveira -- Part I: History of economic thought: The significance of the cambridge school of economics -- 1. Joanilio rodolpho teixeira: The founder and senior scholar of the anglo-italian-brazilian school of post-keynesian economics / Mauro Leo Baranzini and Amalia Mirante -- 2. Post-keynesian and post-kaleckian growth and distribution: Challenges and comparative analysis / Joanilio Rodolpho Teixeira -- 3. An examination of joan robinson's simple model: The kaldor- robinson's cambridge theorem / João Gabriel de Araujo Oliveira and Daniel Soares Fogo -- Part II: New theoretical contributions -- 4. Entrepreneurship and the cambridge result: Schumpeter meets pasinetti / João Ricardo Faria -- 5. Profit rate, cambridge equation and stability in kaldor- pasinetti models incorporating human capital and endogenous technological progress in the neoclassical production function / Renato Nozaki Sugahara and Joanna Georgios Alexopoulos -- 6. A theoretical note on the supermultiplier approach in a labor- constrained economy / Jorge Thompson Araujo and João Gabriel de Araujo Oliveira -- 7. The impact of the informal sector on growth in developing economies: Insights from a kaleckian framework / Henrique Bottura Paiva -- 8. Stability and hopf-bifurcation of a growth model considering autonomous consumption and employment effects / João Gabriel de Araujo Oliveira, Beatriz Estulano Vieira and Maurilio Boaventura -- 9. An analytical economic dynamic model considering unemployment and incorporating the sir approach / João Gabriel de Araujo Oliveira, Geraldo Sandoval Góes and Joanilio Rodolpho Teixeira -- 10. Prestige clubs / Richard C. Cornes and Emilson C. D. Silva -- Part III: Empirical applications -- 11. Wage share developments: Shedding light on kalecki's theory of functional income distribution / Luiz de Mello and Cyrille Schwellnus -- 12. A vertically integrated approach to structural decomposition: An analysis of the brazilian economy from 2000 to 2018 / Ricardo Azevedo Araujo, Theo Santini and Rafael de Acypreste -- 13. Do network and herd effects depend on previous work experience in the us? A propensity score analysis using Mexican migration data / André Rossi de Oliveira -- 14. Oil price shocks on economic growth and the stock market: Evidence from brazil and the us / Andre Varella Mollick and Andre Coelho Vianna.
Edited by João Ricardo Faria, Professor, Department of Economics, College of Business, Florida Atlantic University, USA, Jorge Thompson Araujo, International Consultant, The World Bank and Senior Researcher, Department of Economics, University of Brasilia, Brazil, João Gabriel de Araujo Oliveira, Associate Professor, Department of Business and Economics, Ibmec-DF; Consultant, The World Bank; and Visiting Professor, Department of Economics, State University of Londrina, Brazil.
New directions in modern economics series