A Note on the Theory of Demand-Led Growth

Nelson Barbosa-Filho

No 1999-06, SCEPA working paper series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School

Abstract: This paper presents a demand-led growth model where an exogenous investment function drives capital accumulation through a Bernoulli differential equation. In such framework investment generates savings through changes in capacity utilization and/or income distribution, making economic growth totally demand-led. Taking a Structuralist perspective, the model is purposefully made to be consistent with different Keynesian closures for the investment function, as well as with different assumptions about savings' adjustment to investment.

Keywords: demand-led growth; investment; savings; capital accumulation; Structuralist; Keynesian (search for similar items in EconPapers)
Pages: 26 pages
Date: 1999-12
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:epa:cepawp:1999-06

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