The Exogeneity of Investment: From Systemic Laws of Accumulation and Growth to Effective Demand Conditions

Joseph Halevi and Rééduane Taouil

Chapter 3 in The Economics of Demand-Led Growth, 2002 from Edward Elgar Publishing

Abstract: The Economics of Demand-Led Growth is a collection of specially written essays that develop and apply the theory of demand-led growth. Long-run growth is usually portrayed as a supply-determined process. The contributions to this volume, however, are rooted in the theory of demand-led growth. In addition to general discussions of the role of demand in the long-run, the volume contains essays in the Kaldorian and Kaleckian traditions, and a section on the relationship between demand-led growth and structural change. The conclusion reached is that current neglect of the role of demand in analyses of long-run growth is unwarranted.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2002
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