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...
| Главные авторы: | , |
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| Формат: | Статья |
| Язык: | English |
| Опубликовано: |
Universidad de Huelva
2020-03-01
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| Серии: | Revista de Economía Mundial |
| Предметы: | |
| Online-ссылка: | https://www.uhu.es/publicaciones/ojs/index.php/REM/article/view/3835 |