Authors: Piero Benazzo
Growing literature assesses inequality would drag effective demand in the economy, acting as a main causation factor of the contemporary economic recession cycle. The debate would remain open because such causation would remain hidden within the current macroeconomic representation and underneath the aggregation of the available statistical data. The aim is to investigate an alternative framework intended to contribute in disentangling such hidden dynamics. This considers total factor productivity and the level of inequality as macroeconomic factors of production and demand, rather than capital and labour. The analysis discusses an inequality trap and availability of statistical data appropriate to the modelling proposed. This would provide considerations for extracting inequality data conform to the modelling and show finding certain data for such equations is challenging.
Comments: 27 Pages.
[v1] 2016-07-02 21:20:54
Unique-IP document downloads: 32 times
Vixra.org is a pre-print repository rather than a journal. Articles hosted may not yet have been verified by peer-review and should be treated as preliminary. In particular, anything that appears to include financial or legal advice or proposed medical treatments should be treated with due caution. Vixra.org will not be responsible for any consequences of actions that result from any form of use of any documents on this website.
Add your own feedback and questions here:
You are equally welcome to be positive or negative about any paper but please be polite. If you are being critical you must mention at least one specific error, otherwise your comment will be deleted as unhelpful.