A Review of the Literature on Growth

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Chapter 3 in Strategic Competition, Dynamics, and the Role of the State, 2010 from Edward Elgar Publishing

Abstract: Jamee Moudud provides a new microfoundational explanation for the Harrodian long-run or warranted growth rate. The author, emphasizing the role of Keynesian uncertainty, shows that the growth model is anchored in a new interpretation of the Oxford Economists’ Research Group’s microeconomic analysis and a variant of the stock-flow consistent framework. In a distinctly Kaldorian vein, Jamee Moudud discusses the relationship between capital budgeting, public investment, and taxation policy as it relates to the warranted growth rate and its impact on long-term involuntary unemployment.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (9)

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