The interaction between the multiplier effect and the acceleration principle: An approximation for Colombia

This paper describes the use of the multiplier and the acceleration principle in the theories of economic growth and income determination. Estimates are obtained for the two approaches to show their applicability and predictive power. The different estimates for Colombia suggest that their applicability is more robust in the prediction of the rate of economic growth than in models of income determination.

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Year of publication:	2012
Authors:	Bellón, José Reyes Bernal ; Carvajalino, Carlos Arturo Meza
Published in:	Economía. - Instituto de Investigaciones Económicas y Sociales, ISSN 1315-2467. - Vol. 37.2012, 34, p. 11-32
Publisher:	Instituto de Investigaciones Económicas y Sociales
Subject:	economic growth \| income \| marginal propensity to consume \| multiplier \| accelerator

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Extent:	application/pdf
Type of publication:	Article
Classification:	E22 - Capital; Investment (including Inventories); Capacity ; O39 - Technological Change; Research and Development. Other ; O57 - Comparative Studies of Countries
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010781865