Similarly, county level characteristics such as the unemployment rate, crime rate and proportion of families headed by females were rarely significant. O41 Abstract Kaldor's neo-Pasinetti theorem is examined in an economy where the rate of profit adjusts to higher effective demand through increases in the rate of capacity utilization rather than through increases in the margin of profit. A Tobinian investment function, where investment responds to the valuation ratio, is then introduced along with Kaleckian elements, investment depending also on the rate of utilization. It is shown that in such a modified model, the Keynesian-Kaleckian results are quite robust. Although much work examines whether government bonds constitute net wealth, little attention focuses on whether government money does.
Most analysts merely assert that government money is net wealth.
This paper provides the theoretical underpinnings for the two types of discounting in an integrated approach, where both new money and new bonds can finance the interest on outstanding bonds. This paper estimates the impact of male immigration on wages and employment of native-born male workers. The paper s contribution to the existing literature is the introduction of explicit controls for native net internal migration. The results suggest that migration controls are significant and must be included in any cross-sectional regional analysis that attempts to obtain unbiased estimates of the impact of immigration on native labor market outcomes. The history of communist regimes was characterized by periods of strong repression interspersed with periods of moderation, and, finally, in most cases, by regime collapse.