Standard Post-Keynesian investment functions and their demand regime: a comprehensive empirical estimation for France

Sebastien Charles

Journal of Post Keynesian Economics, 2024, vol. 47, issue 4, 739-765

Abstract: The aim of this article is twofold. In a first step, we estimate a large variety of standard Post-Keynesian investment functions for France over the period 1979–2020 by rigorously following the original features of a theoretical macro-model of growth and distribution. In a second step, for each of these investment functions, we also assess the corresponding demand regime contributing to the current profit-led/wage-led debate. Our results show that the French economy seems to be wage-led. Besides, the intensity of the regime varies greatly with the specific form of the investment function under consideration.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/01603477.2024.2355453 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:postke:v:47:y:2024:i:4:p:739-765

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MPKE20

DOI: 10.1080/01603477.2024.2355453

Access Statistics for this article

More articles in Journal of Post Keynesian Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().