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Steady state and the analysis of long-run tendencies: the case of neo-Kaleckian models
Attilio Trezzini
- pp 129-151
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The article was published on 2011-01-01 and is currently open access. It has received 6 citations till now. The article focuses on the topics: Demand-led growth & Steady state (electronics).read more
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Book ChapterDOI
Garegnani, Ackley and the years of high theory at Svimez
TL;DR: A comparison between these two genuine Keynesian approaches looks very promising as discussed by the authors, and the theoretical issues Ackley's report is an econometric explanation of the Italian economic miracle based on a demand-led growth supermultiplier model, a theoretical approach re-discovered by Bortis and Serrano and recently taken up by Marc Lavoie and others.
Book ChapterDOI
The Meaning of Output Trends in the Analysis of Growth
TL;DR: In this paper, the meaning of the output trends examined in the analysis of growth and their relation to actual levels of output and income is examined, where the relation between actual and theoretical magnitudes assumed in the theory of prices appears to be automatically extended to the magnitudes addressed by theories of growth.
Journal ArticleDOI
Growth without Normal Capacity Utilization and the Meaning of the Long-Run Saving Ratio
TL;DR: In this paper, the role of aggregate demand in the growth process is taken into account, and it is not assumed that the economy must operate at a normal rate of capacity utilization in the long run.
Posted Content
Harrodian Instability: a Misleading Concept
TL;DR: In this paper, the concept of Harrodian instability is re-examined taking into due consideration the fact that growth occurs through irregular fluctuations, and the relevance of the cumulative tendencies toward expansion and recession is greatly re-duced.
Posted Content
Demand-led Growth and Long-run Convergence in a Neo-Kaleckian Two-sector Model
Jung Hoon Kim,Marc Lavoie +1 more
TL;DR: In this article, a two-sectors model with consumption and investment sectors, incorporating both Kaleckian and classical views, is proposed to characterize three regimes with different investment functions and specific adjustment mechanisms to bring about a uniform rate of profit.