scholarly journals Convergence in a Neo-Kaleckian Model with Endogenous Technical Progress and Autonomous Demand Growth

2016 ◽  
Author(s):  
Won Jun Nah ◽  
Marc Lavoie
Keyword(s):  
Technical Progress ◽  
Demand Growth ◽  
Endogenous Technical Progress ◽  
Kaleckian Model

scholarly journals Convergence in a neo-Kaleckian model with endogenous technical progress and autonomous demand growth

2019 ◽  
Vol 7 (3) ◽  
pp. 275-291 ◽  
Author(s):  
Won Jun Nah ◽  
Marc Lavoie
Keyword(s):  
Technical Progress ◽  
Capacity Utilization ◽  
Interactive Effects ◽  
Demand Growth ◽  
Adjustment Mechanism ◽  
Keynesian Model ◽  
Long Run ◽  
Short Run ◽  
Endogenous Technical Progress ◽  
Kaleckian Model

This paper introduces technical progress along the lines of the Kaldor–Verdoorn law within a neo-Kaleckian model of growth and distribution that incorporates the Sraffian supermultiplier mechanism. The key features of the model include the interactive effects of endogenous technical progress, the non-capacity-creating demand component that grows at an exogenous rate and, in its long-run version, a Harrodian adjustment mechanism. It turns out that, whereas the model converges towards the normal rate of capacity utilization, the main tenets of the Keynesian model are still valid in the long run as well as in the short run in the sense that all of the average rates of accumulation, capacity utilization, and technical progress are lower during the traverse after the propensity to save or the share of profits goes up. The conditions under which the productivity regime can be wage-led are examined, and the possible effects of an exogenous technical shift are also discussed.

Endogenous technical progress in fossil fuel demand: The case of France

1996 ◽  
Vol 18 (2) ◽  
pp. 141-155 ◽  
Author(s):  
Laurence Boone ◽  
Stephen Hall ◽  
David Kemball-Cook
Keyword(s):  
Technical Progress ◽  
Fossil Fuel ◽  
Fuel Demand ◽  
Endogenous Technical Progress

scholarly journals Endogenous Technical Progress in the Theory of Economic Growth

2014 ◽  
Vol 2014 ◽  
pp. 1-5 ◽  
Author(s):  
Vladimir N. Pokrovskii
Keyword(s):  
Economic Growth ◽  
Technical Progress ◽  
Capital Stock ◽  
Production Equipment ◽  
Us Economy ◽  
Production Processes ◽  
The Us ◽  
Endogenous Technical Progress ◽  
Theoretical Results

It is shown that substitutive work, which can be defined as work of production equipment (capital stock) replacing the efforts of workers in production processes, can be considered as a measure of technical progress. The methods of estimation of substitutive work are discussed. The theoretical results are illustrated on the data for the US. economy.

A putty-clay model with three factors of production and partly endogenous technical progress

De Economist ◽  
1985 ◽  
Vol 133 (3) ◽  
pp. 327-351 ◽  
Author(s):  
G. M. M. Gelauff ◽  
A. R. M. Wennekers ◽  
A. H. M. De J
Keyword(s):  
Technical Progress ◽  
Clay Model ◽  
Endogenous Technical Progress ◽  
Factors Of Production
Sign in / Sign up

Export Citation Format

Share Document