Alternative Growth Regimes Under Endogenous Technology and Semi‐Autonomous Expenditures: A Neo‐Kaleckian Approach

ABSTRACT This paper aims to outline an alternative classification of growth regimes for developing countries by integrating distribution and employment regimes within an open‐economy neo‐Kaleckian framework. The novelty of the paper lies in combining the Kaleckian models of conflict and autonomous expenditures with the Kaldor‐Verdoorn mechanism. Depending on the relative strength of the KV coefficient with respect to the workers' bargaining power, the paper identifies at least four distinct growth regimes: (1) inequality‐decreasing, job‐creating, (2) inequality‐neutral, job‐creating, (3) inequality‐increasing, job‐creating and (4) inequality‐increasing, jobless.