Arbeitspapier
Theoretical and empirical shortcomings of the Kaleckian investment function
The specification of the accumulation function is critical for the properties and implications of structuralist and post-Keynesian models. A large Kaleckian literature assumes that investment is relatively insensitive to variations in the utilization rate of capital, and this extension of a standard short-run Keynesian stability condition to the long run has been defended by Lavoie and Dutt, among others. This paper examines the theoretical and empirical arguments for and against a Kaleckian specification.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 2008-11
- Classification
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Wirtschaft
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Business Fluctuations; Cycles
- Subject
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Kalecki
Harrod
investment function
stability
post keynesian theory
utilization rate
excess capacity
Postkeynesianismus
Investitionsfunktion
Kritik
- Event
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Geistige Schöpfung
- (who)
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Skott, Peter
- Event
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Veröffentlichung
- (who)
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University of Massachusetts, Department of Economics
- (where)
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Amherst, MA
- (when)
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2008
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Skott, Peter
- University of Massachusetts, Department of Economics
Time of origin
- 2008
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