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Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106) 



JOURNAL OF APPLIED BUSINESS AND ECONOMICS


Demand-Led Growth, Income Distribution and Debt



Author(s): Piero Ferri, Anna Maria Variato

Citation: Piero Ferri, Anna Maria Variato, (2020) "Demand-Led Growth, Income Distribution and Debt," Journal of Applied Business and Economics, Vol. 22, Iss.3,  pp. 59-76

Article Type: Research paper

Publisher: North American Business Press

​Abstract:

The paper presents a medium-run growth model led by aggregate demand and coherent with min-skian financial instability approach. The impact of wage share changes on growth and unemploy-ment is studied within a dynamic framework, characterized by a regime switching technique and a learning mechanism. The model makes two main contributions to the debate: it shows the impact on actual growth, as well as the steady state. Secondly, it illustrates how instability generated by wage changes in a “bad” regime can accelerate the entrance in a “good” regime improving the overall rate of growth without necessarily causing instability in the large.