Specializations, financial constraints, and income distribution
نویسندگان
چکیده
منابع مشابه
Corporate Income Taxes , Financial Constraints and Innovation ∗
We examine exogenous changes in state corporate income taxes over the 1988-2006 period and find that tax decreases significantly boost both the quantity, measured by the number of patents, and the quality, measured by citations per patent, of innovative output, while tax increases have little impact on innovation. Most of the impact of tax changes on innovation occurs two or more years after th...
متن کاملIncome Distribution, Debt Accumulation, and Financial Fragility in a Kaleckian Model with Labor Supply Constraints
This paper investigates the effect of changes in the retention ratio, profit share, interest rate, and natural rate of growth on the rate of capital accumulation and the financial structure of firms by using a Kaleckian growth model with labor supply constraints. We show that if the economy exhibits a debt-burdened regime, depending on certain conditions, there could be cyclical fluctuations su...
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ژورنال
عنوان ژورنال: International Review of Economics & Finance
سال: 2018
ISSN: 1059-0560
DOI: 10.1016/j.iref.2018.03.012