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A Neo-Kaleckian model of skill-biased technological change and income distribution
Review of Keynesian Economics ( IF 1.219 ) Pub Date : 2019-07-01 , DOI: 10.4337/roke.2019.03.02
Antonio Soares Martins Neto 1 , Rafael Saulo Marques Ribeiro 2
Affiliation  

This article proposes a macrodynamic model that takes into account the joint determination of intra-working-class income distribution and knowledge-intensive technological change. Our model highlights two opposing effects of technological change at play: (i) technological innovation promotes a positive structural change and hence boosts net exports and output growth; (ii) technological change, on the other hand, disproportionately affects unskilled workers, which worsens the intra-working-class income distribution and slows down economic growth. Therefore, our model demonstrates that the net impact of technological change on capital accumulation and output growth is ambiguous and hence is a parametric question. Lastly, we show that income transfer and public investments in higher education may be of paramount importance to alleviating the unwanted effects of a contractionary wave of technological change and so promoting a sustained economic recovery.

中文翻译:

偏向技能的技术变革和收入分配的新卡莱克模型

本文提出了一个宏观动力学模型,该模型考虑了工人阶级内部收入分配和知识密集型技术变革的共同决定因素。我们的模型强调了技术变革的两个相反的影响:(i) 技术创新促进了积极的结构变化,从而促进了净出口和产出增长;(ii) 另一方面,技术变革对非技术工人的影响不成比例,从而恶化了工人阶级内部的收入分配并减缓了经济增长。因此,我们的模型表明,技术变革对资本积累和产出增长的净影响是不明确的,因此是一个参数问题。最后,
更新日期:2019-07-01
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