Capacity Utilisation in the Long Run: A Reply to Serrano

The variability of long-run capacity utilisation has to be considered as an expression of the determining role of aggregate demand in the growth process. This paper discusses the model proposed by Serrano in which such determining role is apparently reconciled with condition of normal utilisation of capacity in the long run.

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Year of publication:	1998-12
Authors:	Trezzini, Attilio
Institutions:	Dipartimento di Economia, Università degli Studi di Roma 3
Subject:	Capacity Utilisation \| Demand-led Growth

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Series:	Departmental Working Papers of Economics - University 'Roma Tre'.
Type of publication:	Book / Working Paper
Notes:	Number 0006 2 pages long
Classification:	O40 - Economic Growth and Aggregate Productivity. General ; E12 - Keynes; Keynesian; Post-Keynesian
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005590594