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The interaction between the multiplier effect and the acceleration principle: An approximation for Colombia

Jose Bernal Bellon () and Carlos Arturo Meza Carvajalino ()
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Carlos Arturo Meza Carvajalino: Economista, Msc. en Ciencias Económicas y Msc. en Planificación y Administración del Desarrollo Regional. Estudiante de Doctorado en Agrociencias de la Universidad de La Salle. Docente de la Facultad de Ciencias Económicas y Sociales, Programa de Economía, de la Universidad de La Salle. Profesor en la Maestría de Ciencias Económicas de la Universidad Santo Tomás Carrera. 82 No. 77BB-27 Medellín-Colombia.

Economía, 2012, vol. 37, issue 34, 11-32

Abstract: This paper describes the use of the multiplier and the acceleration principle in the theories of economic growth and income determination. Estimates are obtained for the two approaches to show their applicability and predictive power. The different estimates for Colombia suggest that their applicability is more robust in the prediction of the rate of economic growth than in models of income determination.

Keywords: economic growth; income; marginal propensity to consume; multiplier; accelerator. (search for similar items in EconPapers)
JEL-codes: E22 O39 O57 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ula:econom:v:37:y:2012:i:34:p:11-32

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