A dynamic analysis of demand and productivity growth in a Two-Sector Kaleckian Model

This event has taken place

View all upcoming events at Kingston University.

Time: 5.00pm - 6.00pm
Venue: Room 5007, John Galsworthy building, Penrhyn Road campus, Penrhyn Road, Kingston upon Thames, Surrey KT1 2EE
Price: free

All are welcome to the Economics department's Research Seminar Series 2018. This week we are joined by Professor Hiroshi Nishi, Hannan University. 

Abstract:

This study extends a Kaleckian two-sector model of growth and income distribution by incorporating the dynamics of labour productivity growth. An economy is composed of investment goods and consumption goods producing sectors, and the sectoral interactions of demand and productivity growth are dynamically formalized. Conditions for cyclical phenomenon of demand and productivity growth in a two-sector economy are analyzed. In addition, the model reveals that each sector may present a different response in capacity utilization rate to a change in sectoral income distribution. These phenomena are particular to two-sector model, which cannot be observed by conventional aggregate growth model.

For further information about this event:

Contact: Dr Shaikh Eskander
Email: Shaikh.Eskander@kingston.ac.uk