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stagnation of investment, especially private fixed investment, was the primary culprit. I then investigate the causes of the …
Persistent link: https://www.econbiz.de/10010332277
savings into appropriate investment vehicles with exclusion from savings-investment chain the interest-rate-bearing bank …Paper introduces mathematical models describing long-time effects of real savings on economic growth. Models are built … equations. Modeling results show a limited long-run economic growth for occasional and constant-rate systematic internal savings …
Persistent link: https://www.econbiz.de/10012732419
The emphasis in post-Keynesian macroeconomics on wage- versus profit- led growth may not have been helpful. The profit share is not an exogenous variable, and the correlations between the pro.t share and economic growth can be positive for some exogenous shocks but negative for others. The...
Persistent link: https://www.econbiz.de/10011522218
Persistent link: https://www.econbiz.de/10011092195
expected technical change, the higher the firms's investment rate and the lower the households' savings rate, remaining …
Persistent link: https://www.econbiz.de/10012864372
; investment function ; pricing …
Persistent link: https://www.econbiz.de/10003989579
&D investment. As this is very controversial from an empirical perspective, a stochastic Poisson model of endogenous business cycles … and growth is presented where the determinants of the cyclical behaviour of R&D investment are analytically studied …
Persistent link: https://www.econbiz.de/10011507773
A Schumpeterian growth model is constructed for an economy with wage bargaining. It is shown that the economy is subject to cycles in which capital, output and employment vary in fixed proportion. These increase through saving and capital accumulation until a new technology is introduced, at...
Persistent link: https://www.econbiz.de/10011514161
&D investment. As this is very controversial from an empirical perspective, a stochastic Poissonmodel of endogenous business cycles … and growth is presented where the determinants of the cyclical behaviour of R&D investment are analytically studied …
Persistent link: https://www.econbiz.de/10010506639
-run fluctuations. The model remains analytically tractable due to a very convenient property of the household's investment decision in …
Persistent link: https://www.econbiz.de/10010506654