ISBN:
9781849805407
Language:
English
Pages:
1 Online-Ressource (xiii, 167 p)
,
ill
Series Statement:
New directions in modern economics
Series Statement:
Edward Elgar E-Book Archive
Parallel Title:
Erscheint auch als Moudud, Jamee K. Strategic competition, dynamics, and the role of the state
DDC:
339.5
Keywords:
Wachstumstheorie
;
Wachstumspolitik
;
Staatliche Einflussnahme
;
Kapazitätsauslastung
;
Ökonomische Ideengeschichte
;
Economic policy
;
Equilibrium (Economics)
;
Competition
;
Economic development
;
Econometric models
;
Electronic books
;
Equilibrium (Economics)
;
Stock-flow analysis
;
Economic policy
;
Wirtschaftswachstum
;
Wettbewerbstheorie
Abstract:
Jamee Moudud provides a new microfoundational explanation for the Harrodian long-run or warranted growth rate. The author, emphasizing the role of Keynesian uncertainty, shows that the growth model is anchored in a new interpretation of the Oxford Economists" Research Group's microeconomic analysis and a variant of the stock-flow consistent framework. In a distinctly Kaldorian vein, Jamee Moudud discusses the relationship between capital budgeting, public investment, and taxation policy as it relates to the warranted growth rate and its impact on long-term involuntary unemployment
Abstract:
1. Introduction -- 2. The microfoundations of long-run growth : controversies on capacity utilization and competition -- 3. A review of the literature on growth -- 4. A model of disequilibrium dynamics -- 5. Warranted growth and the role of the state -- 6. Conclusion : the relevance of microfoundations and politics
Note:
Includes bibliographical references and index
DOI:
10.4337/9781849805407
URL:
Volltext
(Deutschlandweit zugänglich)
URL:
Deutschlandweit zugänglich
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