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...
| Κύριοι συγγραφείς: | , |
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| Μορφή: | Άρθρο |
| Γλώσσα: | English |
| Έκδοση: |
Universidad de Huelva
2020-03-01
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| Σειρά: | Revista de Economía Mundial |
| Θέματα: | |
| Διαθέσιμο Online: | https://www.uhu.es/publicaciones/ojs/index.php/REM/article/view/3835 |