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- W1520729454 abstract "Abstract In a paper published in M etroeconomica , S asaki and F ujita (2012) argue that an earlier paper of mine ( H ein, ; M etroeconomica , 57, pp. 310–39), which introduces interest payments and corporate debt into a post‐ K aleckian distribution and growth model, leads to empirically implausible and unusual results from a K eynesian/ K aleckian perspective. The major reason for the presumed shortcomings is found in the overly restrictive assumption of a retention ratio equal to unity. However, in the alternative model presented by S asaki and F ujita either perfect capital gains have to be assumed or firms have to be allowed to issue equity in the accumulation process. The latter variant yields results which are again close to H ein ( )." @default.
- W1520729454 created "2016-06-24" @default.
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- W1520729454 date "2012-10-11" @default.
- W1520729454 modified "2023-10-16" @default.
- W1520729454 title "ON THE IMPORTANCE OF THE RETENTION RATIO IN A KALECKIAN DISTRIBUTION AND GROWTH MODEL WITH DEBT ACCUMULATION-A COMMENT ON SASAKI AND FUJITA (2012)" @default.
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- W1520729454 doi "https://doi.org/10.1111/meca.12002" @default.
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