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  • This paper examines the long-run fluctuations in growth and distribution through the prism of wage- and profit-led growth. It argues that the relation between distribution of income and growth changes over time and proposes an endogenous mechanism that leads to fluctuations between wage- and profit-led periods. The ephemeral character of distribution-led regimes needs to be taken into account when someone estimates empirically the effect of a change in distribution on utilization and growth....

Last update from database: 2025-10-29, 3:30 a.m. (EDT)

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