Permanent Demand and Private Investment in the General theory: an empirical investigation

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...

書目詳細資料
Main Authors:	Jose A. Pérez Montiel, Carles Manera Erbina
格式:	Article
語言:	English
出版:	Universidad de Huelva 2020-03-01
叢編:	Revista de Economía Mundial
主題:	Permanent demand Supermultiplier Economic dynamics
在線閱讀:	https://www.uhu.es/publicaciones/ojs/index.php/REM/article/view/3835

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