| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 986964 | Structural Change and Economic Dynamics | 2012 | 14 Pages |
Abstract
⺠A long-run Kaleckian model is presented. ⺠In the medium run, the rate of capacity utilization, the profit share, and the rate of employment are determined. ⺠In the long run, the normal rate of capacity utilization and the expected rate of growth are determined. ⺠Both the Kalecki type investment function and the Marglin-Bhaduri type investment function are used in the medium-run and the long-run analyses.
Keywords
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Authors
Hiroaki Sasaki,