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Mark-up pricing, sectoral dynamics, and the traverse process in a two-sector Kaleckian economy*
2018
Cambridge Journal of Economics
Kaleckian models, which study the relation between functional income distribution and demand formation, have focused on how macro-level distribution affects macro-level performance. In the real economy, however, labour-management negotiations are held at the industry level and thus the relation between sectoral distribution and sectoral/macroeconomic performance should be considered. This study presents a two-sector Kaleckian model with intermediate inputs and investigates how a distributive
doi:10.1093/cje/bey024
fatcat:a6pnjjwhsbggnbk3erewvvn3hu