Mark-up pricing, sectoral dynamics, and the traverse process in a two-sector Kaleckian economy*
构建了一个包含中间投入的两部门卡莱茨基模型，研究一个部门的分配变化如何影响部门及宏观的产能利用率和资本积累，发现加成率变化对各部门产能利用率的影响方向相反，且对资本积累的影响取决于企业动物精神。
Kaleckian models, which study the relation between functional income distribution and demand formation, have focused on how macro-level distribution affects macro-level performance. In real economies, however, labour–management negotiations are held at the industry level and thus the relation between sectoral distribution and sectoral/macroeconomic performance should be considered. This study presents a two-sector Kaleckian model with intermediate inputs and investigates how a distributive change in one sector affects sectoral/macroeconomic capacity utilization and capital accumulation. The results of the presented comparative static analysis and traverse analysis demonstrate that one sector’s change in the mark-up rate shifts each sector’s rate of capacity utilization in the opposite direction, while the impact of one sector’s change in the mark-up rate on performance differs by sector. The analyses also demonstrate that the effect of a change in the mark-up rate on capital accumulation depends on the firm’s animal spirits.