Number of Firms and Gestation Lag

Ichiro Takahashi
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Ichiro Takahashi: Chuo University

Chapter Chapter 9 in An Artificial Wicksell—Keynes Macroeconomy, 2021, pp 131-139 from Springer

Abstract: Abstract This chapter addresses two other essential stabilizing factors of the model not covered in the preceding chapters: the number of firms (Sect. 9.1) and the length of gestation period for investment (Sect. 9.2). Neither of them has been paid much attention in the economics literature as a macroeconomic stabilizer. This chapter aims to highlight the role of these factors in coordinating the aggregate demand dynamics.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-6839-5_9

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DOI: 10.1007/978-981-16-6839-5_9

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