Alternative Growth Regimes under Endogenous Technology and Semi-Autonomous Expenditures: A Neo-Kaleckian Approach

Dasgupta, Zico (2026) Alternative Growth Regimes under Endogenous Technology and Semi-Autonomous Expenditures: A Neo-Kaleckian Approach. Metroeconomica. ISSN 0026-1386

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Abstract

ABSTRACT This paper aims to outline an alternative classification of growth regimes for developing countries by integrating distribution and employment regimes within an open‐economy neo‐Kaleckian framework. The novelty of the paper lies in combining the Kaleckian models of conflict and autonomous expenditures with the Kaldor‐Verdoorn mechanism. Depending on the relative strength of the KV coefficient with respect to the workers' bargaining power, the paper identifies at least four distinct growth regimes: (1) inequality‐decreasing, job‐creating, (2) inequality‐neutral, job‐creating, (3) inequality‐increasing, job‐creating and (4) inequality‐increasing, jobless.

Item Type: Article
Authors: Dasgupta, Zico
Document Language:
Language
English
Subjects: Social sciences > Economics
Social sciences > Economics > Macroeconomics & related topics
Divisions: Azim Premji University - Bengaluru > School of Arts and Sciences
Full Text Status: None
URI: http://publications.azimpremjiuniversity.edu.in/id/eprint/6866
Publisher URL: https://doi.org/10.1111/meca.70012

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