Workshop on Growth and Distribution
Organized jointly by the Center for Economics and Econometrics at Bogazici
University and the Greenwich Political Economy Centre at the University of
Greenwich
Funded jointly by the British Academy and Bogazici University

Venue: Ibrahim Bodur Auditorium
Date: Friday, September 23rd, 2016

10.15 – 10:30 Opening Ceremony
10:30 – 12:00 Growth and Distribution in Turkey
• Household Debt in Turkey: The Critical Threshold for the Next Crisis
Alper Duman, İzmir University of Economics
• Political Impact of Distributional Changes in Turkey, 2003-2014
Korkut Boratav, Ankara University(Professor Emeritus)
12:00 – 13:00 Lunch Break
13:00 – 15:00 Empirical Findings on the Link Between Growth and
Distribution
• The Profit-Investment Puzzle: Some Observations and Questions
Özgür Orhangazi, Kadir Has University, J. W. Mason, John Jay College
• Wage-Led vs. Profit-Led Growth: A Comprehensive Empirical Analysis.
Cem Oyvat, University of Greenwich, Ceyhun Elgin, Boğaziçi University & Oğuz
Öztunalı, Boğaziçi University
• Wage-led growth in the EU15 Member States:
The effects of income distribution on growth, investment, trade balance,
and inflation
Özlem Onaran, University of Greenwich, Thomas Obst, University of Greenwich
15:00 – 15:30 Coffee Break
15:30 - 17:30 A Discussion on Heterodox Growth Models
• Wages as Income but also as a Cost of Production: An Amended Neo-
Kaleckian Short-Run Model
Olivier Allain, Université Paris Descartes, Sorbonne Paris Cité,
& Centre d’Economie de la Sorbonne
• Wage-led versus Profit-led Demand: What Have we Learned? A Kalecki-
Minsky View
Engelbert Stockhammer, Kingston University
• Weaknesses of ‘wage-led growth