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Revisiting a Macroeconomic Controversy: The Case of the Multiplier–Accelerator Effect

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  • Paulo Reis Mourao

    (Department of Economics & NIPE, Economics & Management School, University of Minho, 4700 Braga, Portugal)

  • Irina Alina Popescu

    (Department of International Business and Economics, The Bucharest University of Economics, 010374 Bucharest, Romania)

Abstract

This paper presents the bibliometrics of a Keynesian and neoclassical discussion about the multiplier–accelerator effect. Having its oldest roots in the 1930s, there was a special emphasis in the 1960s and 1970s on discussions regarding the dependence of current investment on economic growth (the accelerator effect). Through a bibliometric analysis, we also consider the Hicks–Samuelson contribution, also known as the multiplier–accelerator model. We identified, among other things, the most relevant authors on the topics, the economic areas that have been contributed to the most through keyword analysis, and the most notable contributions through citation analysis. We concluded that several areas in economics have taken advantage of the discussion around the multiplier–accelerator effect, especially the discussion on the business cycle, structural dynamics, and public finance.

Suggested Citation

  • Paulo Reis Mourao & Irina Alina Popescu, 2022. "Revisiting a Macroeconomic Controversy: The Case of the Multiplier–Accelerator Effect," Economies, MDPI, vol. 10(10), pages 1-15, October.
    • Handle: RePEc:gam:jecomi:v:10:y:2022:i:10:p:249-:d:936905
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    References listed on IDEAS

    as
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    18. Puu, Tonu & Gardini, Laura & Sushko, Irina, 2005. "A Hicksian multiplier-accelerator model with floor determined by capital stock," Journal of Economic Behavior & Organization, Elsevier, vol. 56(3), pages 331-348, March.
    19. Cogan, John F. & Cwik, Tobias & Taylor, John B. & Wieland, Volker, 2010. "New Keynesian versus old Keynesian government spending multipliers," Journal of Economic Dynamics and Control, Elsevier, vol. 34(3), pages 281-295, March.
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