Bloch, Harry; Courvisanos, Jerry; Mangano, Maria - In: Review of Political Economy 23 (2011) 3, pp. 389-408
This paper combines W.E.G. Salter's analysis of capital-embodied technical change with Kalecki's analysis of financing investment from retained profits to provide a Post Keynesian model of investment with process innovation, which is applied to data from Australian manufacturing industries. The...