Kalecki’s investment model: an empirical analysis of the United States, 1948-1980
Though published in the early 1930’s, and despite recent interest in his theory,Kalecki’s investment model has not been subject to much empirical testing. This paper specifiesa three equation short run version of Kalecki’s investment model and estimates it usingannual U.S. data between 1948-1980. A...
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| Formato: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 1986 |
| País: | Brasil |
| Recursos: | EDITORA 34 |
| Repositorio: | Revista de Economia Política |
| Idioma: | portugués |
| OAI Identifier: | oai:ojs2.centrodeeconomiapolitica.org:article/1790 |
| Acesso em linha: | https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1790 |
| Access Level: | acceso abierto |
| Palavra-chave: | Investimento Kalecki ciclo econômico investment economic cycle |
| Resumo: | Though published in the early 1930’s, and despite recent interest in his theory,Kalecki’s investment model has not been subject to much empirical testing. This paper specifiesa three equation short run version of Kalecki’s investment model and estimates it usingannual U.S. data between 1948-1980. A surprising result is that U.S. economy appears tohave been dynamically unstable in the period analyzed, with cycles of increasing amplitude. JEL Classification: B51; E22; E32; E11. |
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