New Working Paper: Debt driven Growth?
|Date:||23 March 2015 to|
01 May 2015
|Location:||Kingston University, Penrhyn Road|
In their working paper “Debt-driven growth? Wealth, distribution and demand in OECD countries” Engelbert Stockhammer and Rafael Wildauer investigate the drivers of economic growth over the last 30 years. They find only modest effects of functional as well as personal income distribution but strong effects of household debt and property prices. Download the paper.
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