Wage-led, debt-led growth in an open economy*
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DOI: 10.4337/roke.2017.03.02
Abstract: We argue that a fundamental difference between the various post-Keynesian approaches to economic growth lies in their treatment of investment. Neo-Kaleckian models, which are more appropriately Robinsonian models, postulate an investment function dependent on profitability,… read more here.
Keywords: led growth; investment; wage led; open economy ... See more keywords