Kaldor growth model

E210001

The Kaldor growth model is a post-Keynesian economic framework that explains long-run economic growth through the interaction of capital accumulation, income distribution, and demand-driven dynamics.

All labels observed (2)

Label Occurrences
Kaldor growth model canonical 1
Kaldor–Pasinetti theorem 1

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Statements (44)

Predicate Object
instanceOf economic growth model
macroeconomic model
post-Keynesian model
addresses functional income distribution
long-run demand constraints on growth
assumes capacity utilization can vary in the long run
investment is driven by demand expectations
saving behavior differs between wage earners and profit earners
contrastsWith Solow growth model
surface form: Solow–Swan growth model

neoclassical growth model
coreMechanism adjustment of growth via investment response
interaction of investment, savings, and distribution
profit share influencing accumulation
critiques assumption of full employment in neoclassical growth theory
exogenous saving behavior in neoclassical models
developedBy Nicholas Kaldor
emphasizes distribution between wages and profits
endogenous growth mechanisms
interaction between savings and investment
role of effective demand in growth
explains how income distribution affects growth rate
how investment adjusts to maintain growth equilibrium
field growth theory
macroeconomics
post-Keynesian economics
focusesOn capital accumulation
demand-driven dynamics
income distribution
long-run economic growth
goal to provide demand-led explanation of steady growth
influenced later post-Keynesian growth models
influencedBy Keynesian economics
mathematicallyFormulatedAs dynamic system linking growth rate to profit share and investment
namedAfter Nicholas Kaldor
relatedConcept Cambridge growth theory
Harrod–Domar growth model
Kaldor growth model self-linksurface differs
surface form: Kaldor–Pasinetti theorem

Kaldor’s stylized facts of growth
theoreticalApproach demand-led growth
distribution-led growth
timePeriodOfDevelopment mid-20th century
usedIn heterodox macroeconomic analysis
post-Keynesian growth and distribution literature
uses different saving propensities for wages and profits

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Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Nicholas Kaldor knownFor Kaldor growth model
Kaldor growth model relatedConcept Kaldor growth model self-linksurface differs
this entity surface form: Kaldor–Pasinetti theorem