Decisions on investment allocation in the post-Keynesian growth models

Ricardo Araujo and Joanílio Teixeira (joanilioteixeira@hotmail.com)

MPRA Paper from University Library of Munich, Germany

Abstract: In this article the analysis developed by Feldman (1928) and Mahalanobis (1953) are incorporated to the Post-Keynesian Growth Model to consider the decisions of investment allocation on economic growth. By adopting this approach it is possible to study the interaction between distributive features and investment allocation which allows us to determine the rate of investment allocation according to the equilibrium decisions of investment and savings. Finally, an additional condition is added to the Post Keynesian Growth Model in order to fully characterise the equilibrium path in an extended version of this framework, where capital goods are also needed to produce capital goods.

Keywords: Post-Keynesian growth model; structural change; multi-sector models (search for similar items in EconPapers)
JEL-codes: E12 E21 O41 (search for similar items in EconPapers)
Date: 2011-09
New Economics Papers: this item is included in nep-fdg and nep-mac
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