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–Swan growth model ⓘ
linked to: Solow 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–Pasinetti theorem ⓘ
linked to: Kaldor growth model

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 ⓘ

How these facts were elicited

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–Pasinetti theorem ⓘ
linked to: Kaldor growth model