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Demand‐led growth with endogenous innovation [PDF]
Metroeconomica, 2019 AbstractThis paper contributes to the recent macro‐dynamics literature on demand‐led growth, drawing upon the seminal idea that the implications of Harrodian instability may be tamed by a source of autonomous expenditure in the economy. Contrary to the other contributions in this literature, real autonomous expenditure is not growing at an exogenously ...
Mauro Caminati, Serena Sordi
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A search for distinctive features of demand-led growth models
PSL Quarterly Review, 2014 This paper aims at a critical and constructive assessment of some extensions of Keynes’s analysis of effective demand to the long period and growth. A criticism is addressed to a single-cause interpretation of the demand-led growth models and to the ...
Sergio Parrinello
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Demand-led Growth Theory: A Historical Approach [PDF]
Review of Political Economy, 2012 This paper builds upon the Keynesian theory of demand-led growth in order to provide an analytical framework for explaining economic growth and development in concrete terms, consistent with the fundamental idea that growth in output and employment is determined by the growth in aggregate demand.
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When is the long run?—Historical time and adjustment periods in demand‐led growth models
Metroeconomica, 2022 AbstractIn recent years, Post‐Keynesian analysis has been characterized by a renewed interest in long‐run theories of growth and distribution. While many authors have focused on the convergence of demand‐led growth models to a fully adjusted equilibrium, relatively little attention has been given to the time required to reach this long‐run position. In
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Thirlwall’s Law: An Application to Poland [PDF]
AlterEconomics, 2022 The present study validates assumptions of Thirlwall’s law and illustrates its implication for Poland. Furthermore, a rarely used “strong” form of Thirlwall’s law is tested.
Tatyana Yu. Fedoseeva +1 more
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The impossible quartet in a demand led growth-supermultiplier model for a small open economy [PDF]
Brazilian Journal of Political Economy, 2023 The aim of this paper is to investigate the long run sustainability of a growth path led by multiple non-creating capacity autonomous expenditures in a demand led-supermultiplier model for a small open economy. Using two different models the results show
JOSÉ LUIS OREIRO +1 more
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A Harrodian Model that fits the Tourism-led Growth Hypothesis for Tourism-based Economies
European Journal of Tourism Research, 2021 The tourism-led growth hypothesis (TLGH) has been the subject of hundreds of investigations. However, most of these investigations have limited themselves to empirically verify a dynamic relationship between tourism receipts and economic activity ...
José Pérez-Montiel +2 more
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Is growth in the South African economy profit-led or wage-led?
Journal of Economic and Financial Sciences, 2022 Orientation: This article assessed the impact of functional income distribution on economic growth, and how it can characterise the growth regime as profit-led or wage-led.
Mzwanele Ntshwanti
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Demand-led growth and accommodating supply [PDF]
Cambridge Journal of Economics, 2017 Abstract We model of demand-led growth with endogenous adjustment of labour supply and productivity, an approach that reconciles Harrod’s warranted rate of demand growth with supply. The model delivers a range of growth paths and unemployment rates rather than a single ‘natural rate’.
Fazzari, Steven +2 more
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A growth regime approach to demand, distribution, and employment with endogenous NAIRU dynamics
Revue de la Régulation, 2022 This study builds a growth regime model to analyse demand, income distribution, and employment rate. It also examines the causes and effects of the endogenous dynamics of the non-accelerating inflation rate of unemployment (NAIRU) from Régulationist and ...
Hiroshi Nishi
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