Inequality, Growth and ‘Hot’ Money
Show Less

Inequality, Growth and ‘Hot’ Money

Pablo G. Bortz

The growing levels of income inequality, an explosion of global financial flows, and a worldwide decline of economic growth have combined to challenge accepted economic wisdom. Utilizing a heterodox approach, Pablo G. Bortz provides a fresh look for understanding the interaction between these three factors while identifying challenges and possible alternatives for an expansionary and progressive economic policy.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 3: Growth and distribution: the Kaleckian perspective

Pablo G. Bortz


The chapter reviews the developments, criticisms, extensions and empirical applications of the Kaleckian model of growth and distribution. The chapter also includes an empirical estimation of different versions of the Kaleckian growth model for Argentina. Results show that the Argentine economy can be characterized as being wage-led, questioning the rationale for austerity and regressive redistributive policies as a mean to stimulate economic growth.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.