2023-09-28 14:46:10 +00:00
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abstract: 'We study the relation between income distribution and growth, mediated
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by structural changes on the demand and supply sides. Using the results
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from a multi-sector growth model, we compare two growth regimes that
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differ in three aspects: labour relations, competition and consumption
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patterns. Regime one, similar to Fordism, is assumed to be relatively
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less unequal, more competitive and to have more homogeneous consumers
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than regime two, which is similar to post-Fordism. We analyse the
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parameters that define the two regimes to study the role of the
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economy''s exogenous institutional features and endogenous structural
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features on output growth, income distribution, and their relation. We
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find that regime one exhibits significantly lower inequality, higher
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output and productivity and lower unemployment compared to regime two,
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and that both institutional and structural features explain these
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differences. Most prominent amongst the first group are wage
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differences, accompanied by capital income and the distribution of
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bonuses to top managers. The concentration of production magnifies the
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effect of wage differences on income distribution and output growth,
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suggesting the relevance of competition norms. Amongst structural
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determinants, firm organisation and the structure of demand are
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particularly relevant. The way that final demand is distributed across
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sectors influences competition and overall market concentration; demand
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from the least wealthy classes is especially important. We show also the
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tight linking between institutional and structural determinants. Based
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on this linking, we conclude by discussing a number of policy
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implications that emerge from our model.'
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affiliation: 'Ciarli, T (Corresponding Author), Univ Sussex, SPRU, Brighton, E Sussex,
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England.
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Ciarli, Tommaso; Valente, Marco; Savona, Maria, Univ Sussex, SPRU, Brighton, E Sussex,
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England.
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Lorentz, Andre, Univ Strasbourg, CNRS, BETA, Strasbourg, France.
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Valente, Marco, Univ Aquila, Laquila, Italy.
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Valente, Marco, Ruhr Univ Bochum, Bochum, Germany.
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Valente, Marco, St Anna Sch Adv Studies, LEM, Pisa, Italy.'
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author: Ciarli, Tommaso and Lorentz, Andre and Valente, Marco and Savona, Maria
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author-email: 'T.Ciarli@sussex.ac.uk
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alorentz@unistra.fr
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marco.valente@univaq.it
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M.Savona@sussex.ac.uk'
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author_list:
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- family: Ciarli
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given: Tommaso
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- family: Lorentz
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given: Andre
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- family: Valente
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given: Marco
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- family: Savona
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given: Maria
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da: '2023-09-28'
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doi: 10.1007/s00191-018-0574-4
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eissn: 1432-1386
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files: []
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issn: 0936-9937
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journal: JOURNAL OF EVOLUTIONARY ECONOMICS
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keywords: 'Structural change; Income distribution; Competition; Consumption
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behaviour; Technological change'
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keywords-plus: 'AGENT-BASED MODEL; BEVERIDGE CURVE; ECONOMIC-GROWTH; DEMAND; PATTERNS;
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PERCEPTIONS; INEQUALITY; EMPLOYMENT; EVOLUTION; DYNAMICS'
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language: English
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month: MAR
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number: 1, SI
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number-of-cited-references: '127'
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orcid-numbers: 'Lorentz, André/0000-0002-1403-1460
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Valente, Marco/0000-0001-5378-4898'
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pages: 119-176
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papis_id: f764f58232404cf250dbb1f60c71495d
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ref: Ciarli2019structuralchanges
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researcherid-numbers: 'Lorentz, André/J-4326-2015
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Valente, Marco/G-8781-2012'
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times-cited: '14'
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title: Structural changes and growth regimes
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000463714200005
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usage-count-last-180-days: '0'
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usage-count-since-2013: '16'
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volume: '29'
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web-of-science-categories: Economics
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year: '2019'
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