A model of the Keynesian theory for Portugal. Another approach

Vítor Martinho ()

MPRA Paper from University Library of Munich, Germany

Abstract: With this work we try to present an alternative model for Portugal based on the Keynesian theory. We built the model testing the validity of the well known “Verdoorn´s Law” which considers the relationship between the growth of productivity and output in the case of the Portuguese economy at a regional and sectoral levels (NUTs II) for the period 1995-1999. The importance of some additional variables in the original specification of Verdoorn´s Law is also tested, such as, trade flows, capital accumulation and labour concentration.

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:33629

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