Duesenberry on the Interest-Elasticity of the Investment Function

1961 ◽  
Vol 43 (4) ◽  
pp. 379
Author(s):  
Lorie Tarshis
Keyword(s):  
Investment Function

scholarly journals Capital-labor conflict in the Harrodian model

2021 ◽  
Author(s):  
Takashi Ohno
Keyword(s):  
Technological Change ◽  
Investment Function

AbstractThis study aims to consider the effect of capital-labor conflict in the Harrodian model. For this purpose, we incorporate a Bhaduri–Marglin-type investment function, reserve army effect, and technological change in the Harrodian model. Using this model, we find that not only both the reserve army effect and a Bhaduri–Marglin-type investment function but also technological change are needed for a stable Harrodian model. Second, the degree of technological change must lie within a specific range for the model to be stable.

An empirical investigation of Begg's rational expectations investment function

1992 ◽  
Vol 20 (4) ◽  
pp. 85-85
Author(s):  
John Leonard ◽  
Joseph Prinzinger ◽  
Fidelis Akagha
Keyword(s):  
Rational Expectations ◽  
Empirical Investigation ◽  
Investment Function

Wage- and profit-led growth regimes: a panel-data approach

2021 ◽  
Vol 9 (3) ◽  
pp. 394-412
Author(s):  
Guilherme de Oliveira ◽  
Eduardo Prado Souza
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Panel Data ◽  
Latin American ◽  
Structural Characteristics ◽  
Developed Countries ◽  
Domestic Investment ◽  
Growth Regime ◽  
Investment Function ◽  
Trade Channel

The extensive empirical effort made in the growth and distribution literature to estimate whether economic growth is wage- or profit-led has not sufficiently considered the theoretical foundation of the Neo-Kaleckian model. This paper attempts to respect key tenets of the investment function by estimating a panel-data model in which country-specific structural characteristics and possible endogenous relationships in income distribution and economic growth are explicitly considered. The identification strategy is based on several estimates of the capital stock and the rate of capacity utilization for 61 countries over the period between 1995 and 2014. The main results suggest that the growth regime was wage-led in developed countries, while most developing countries exhibited a profit-led growth regime. Interestingly, however, while the profit-led regime occurs through the international trade channel in Latin American countries, in other developing countries, the causality channel is mainly related to the domestic investment function.

scholarly journals Stability and Bifurcation of a Delayed Time-Fractional Order Business Cycle Model with a General Liquidity Preference Function and Investment Function

Mathematics ◽  
2019 ◽  
Vol 7 (9) ◽  
pp. 846 ◽  
Author(s):  
Yingkang Xie ◽  
Zhen Wang ◽  
Bo Meng
Keyword(s):  
Business Cycle ◽  
Fractional Order ◽  
Preference Function ◽  
Positive Equilibrium ◽  
Proposed Model ◽  
Investment Function ◽  
Business Cycle Model ◽  
The Business Cycle ◽  
Positive Equilibrium Point ◽  
Delayed Time

In this paper, the business cycle (BC) is described by a delayed time-fractional-order model (DTFOM) with a general liquidity preference function and an investment function. Firstly, the existence and uniqueness of the DTFOM solution are proven. Then, some conditions are presented to guarantee that the positive equilibrium point of DTFOM is locally stable. In addition, Hopf bifurcation is obtained by a new method, where the time delay is regarded as the bifurcation parameter. Finally, a numerical example of DTFOM is given to verify the effectiveness of the proposed model and methods.

On the stability of the investment function

1982 ◽  
Vol 14 (2) ◽  
pp. 125-138
Author(s):  
NOEL D. URI
Keyword(s):  
Investment Function ◽  
The Stability
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