Permanent Demand and Private Investment in the General theory: an empirical investigation
We empirically test some Keynes’ (and post Keynesians’) assertions relative to the multiplier-accelerator principle. By means of the nonlinear causality test proposed by Diks and Wolski (2016), we conclude that in the United States domestic private investment is driven by permanent demand. We expla...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidad de Huelva
2020-03-01
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| Series: | Revista de Economía Mundial |
| Subjects: | |
| Online Access: | https://www.uhu.es/publicaciones/ojs/index.php/REM/article/view/3835 |