A model of the Keynesian theory for Portugal

Vítor Martinho ()

MPRA Paper from University Library of Munich, Germany

Abstract: With this work we try to present a model for Portugal based on the Keynesian theory. We built the model taking into account the Verdoorn Law, with the alternative specifications of (1)Kaldor (1966), for the five Portuguese regions (NUTS II) and from 1986 to 1994. We had in mind, yet in this work, the alternative interpretation of (2)Rowthorn (1975) of the Verdoorn's Law for the same regions and periods. The results of this work will be complemented with estimates of these relationships to other sectors of the economy than the industry (primary and services sector) and for the total economy of each region.

Keywords: Keynesian theory; linear models; Portuguese regions (search for similar items in EconPapers)
JEL-codes: C20 C50 O18 R11 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:33624

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