A Keynesian - Kaleckian Model of Investment Determination : A Panel Data Investigation
نویسنده
چکیده
The undertaken study assesses the empirical merits of the Post Keynesian doctrine as this is reflected by both the Keynesian as well as the Kaleckian theoretical approaches to investment determination. A GMM panel data methodology provides the econometric platform upon which the respective models have been tested. Annual time series data has been used, spanning from 1970 to 2005, for the G7 economies. The generated evidence confirms previous analyses in so far as capacity utilization and profits assume a key role in the determination of investment.
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تاریخ انتشار 2009