Functional Distribution of Income and Economic Activity in Croatia: Post-Keynesian Approach

Abstract

The aim of this paper is to quantify the effects of changes in functional income

Functional income distribution in Pakistan: Co‐integration and vector error correction model analysis

“…Still, there is a long‐run impact due to economic indicators adjustments over time and OS and NAGW are part of real wage. These results have been found by previous studies (Khan, Saboor, & Mohsin, 2015a, Saboor et al, 2004 and (Vujčić et al, 2014).…”

“…Therefore, there is short‐run impact. These findings are consistent with Khan, Saboor, & Mohsin, 2015a, Saboor et al, 2004, Bilan et al, 2020, Ramos & Coimbra, 2009 and (Vujčić et al, 2014).…”

“…According to the perspective of Post‐Keynesian, the distribution of functional income is associated with long‐term trends in economic growth and aggregate demand in terms of economic factors. While the circulation of income between capital and human resource (Profit margin) may decline middle‐income level class, contrition of aggregate demand and purchasing power are the main power of economic growth (Vujčić, Deskar‐Škrbić, Ratkovski, & Zrnc, 2014). Gross operating surplus (GOS) subtracting modified by the production units of the other institutional division.…”

Unemployment and Job Creation

“…Hypotéza o tom, že je nezaměstnanost významně ovlivňována agregátní poptávkou po fi nálních statcích má velmi dlouhou tradici v postkeynesiánské teorii nezaměstnanosti (Holt, Pressman, 2001;Lavoie, 2006;Diamond, 1982). Michaillat a Saez (2014), či Vujčić et al (2014) diskutují vztah mezi nezaměstnaností a agregátní poptávkou po fi nálním výstupu, přičemž jejich hlavním závěrem je, že vývoj nezaměstnanosti je určován především náhodnými šoky na straně agregátní poptávky.…”