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Functional income distribution, capacity utilization, capital accumulation and productivity growth in Turkey: A post‐Kaleckian analysis
Metroeconomica ( IF 1.0 ) Pub Date : 2020-07-12 , DOI: 10.1111/meca.12300
Ozan Ekin Kurt 1
Affiliation  

The aim of this article is to examine the relation between functional income distribution, capacity utilization, capital accumulation and productivity in Turkey by identifying demand and overall regimes prevalent in the economy. For this purpose, we conducted an empirical analysis using different specifications of the post‐Kaleckian model of Hein and Tarassow. This model defines and characterizes an overall regime by endogenizing productivity growth and integrating it into the models in this tradition. Empirical findings show that while the demand regime is wage‐led, the overall regime turns out to be unstable in Turkey due to the destabilizing impact of productivity growth. This article contributes to the literature by being the first study that simultaneously identifies the demand and the overall regimes of an economy.

中文翻译:

土耳其的功能性收入分配,产能利用,资本积累和生产率增长:后卡莱克式分析

本文的目的是通过确定经济中普遍存在的需求和总体制度,研究土耳其的功能性收入分配,产能利用,资本积累和生产率之间的关系。为此,我们使用海因和塔拉索的后卡里克模型的不同规范进行了实证分析。该模型通过内生生产力增长并将其整合到传统中的模型中来定义和表征总体制度。经验发现表明,尽管需求制度是主导性的,但由于生产力增长的不稳定影响,土耳其的整体制度却不稳定。本文是第一个同时确定经济需求和总体制度的研究,为文献做出了贡献。
更新日期:2020-07-12
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