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A Hicksian multipli...
A Hicksian multiplier-accelerator model with floor determined by capital stock
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- Puu, Tönu, 1936- (author)
- Umeå universitet,Centrum för regionalvetenskap (CERUM)
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- Gardini, Laura (author)
- Department of Economics, University of Urbino, Italy
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- Sushko, Irina (author)
- Institute of Mathematics, National Academy of Sciences of Ukraine, Kiev, Ukraine
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(creator_code:org_t)
- Elsevier BV, 2005
- 2005
- English.
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In: Journal of Economic Behavior and Organization. - : Elsevier BV. - 0167-2681 .- 1879-1751. ; 56:3, s. 331-348
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Abstract
Subject headings
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- This article reconsiders the Hicksian multiplier-accelerator model with the “floor” related to the depreciation on actual capital stock. Through the introduction of the capital variable, a growth trend is created endogenously by the model itself, along with growth rate oscillations around it. The “ceiling” can be dispensed with altogether. As everything is growing in such a model, a variable transformation is introduced to focus relative dynamics of the income growth rate and the actual capital output ratio.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Keyword
- Hicksian multiplier-accelerator model
- Floor
- Capital stock
- Economics
- Nationalekonomi
Publication and Content Type
- ref (subject category)
- art (subject category)
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