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O modelo de investimento de Kalecki: análise empírica dos Estados Unidos, 1948-1980

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  • Ednaldo Araquem da Silva

Abstract

Though published in the early 1930’s, and despite recent interest in his theory, Kalecki’s investment model has not been subject to much empirical testing. This paper specifies a three equation short run version of Kalecki’s investment model and estimates it using annual U.S. data between 1948-1980. A surprising result is that U.S. economy appears to have been dynamically unstable in the period analyzed, with cycles of increasing amplitude.

Suggested Citation

  • Ednaldo Araquem da Silva, 1986. "O modelo de investimento de Kalecki: análise empírica dos Estados Unidos, 1948-1980," Brazilian Journal of Political Economy, Center of Political Economy, vol. 6(2).
    • Handle: RePEc:ekm:repojs:v:6:y:1986:i:2:id:1790
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