‘Kaldor Facts’ and the decline of Wage Share: An agent based-stock flow consistent model of induced technical change along Classical and Keynesian lines
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Evolutionary Economics"
DOI: 10.1007/s00191-020-00686-4
Abstract: This paper introduces the classical idea about the so-called directed and induced technical change (ITC) within a Keynesian demand-side and evolutionary endogenous growth model in order to analyse the interplay between technical change, long-run economic… read more here.
Keywords: model; technical change; induced technical; wage ... See more keywords
A paler shade of green : Environmental policy under induced technical change
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DOI: 10.1016/j.euroecorev.2017.01.002
Abstract: Conventional wisdom argues that environmental policy is less costly if it induces the development of cleaner technologies. In contrast to this argument, we show that once the second-best nature of actual economies is taken into… read more here.
Keywords: policy; technical change; environmental policy; induced technical ... See more keywords