A Simple Post Keynesian Model Of Investor Myopia And Economic Growth
The paper contains attempt to develop investor myopia theory of economic growth. Investor myopia takes place when agents do not take long-term outcomes of their activity into account. This phenomenon, can, of course, lead to underinvestment. The outcome is negative rates of economic growth. Such negative growth, as it known, had hit Russia, Ukraine and some other transitional economies in the 1990s. Investor myopia can be treated as the long-run phenomenon which is concerned with serious defects of institutional environment. The main practical conclusion is that the State is responsible for overcoming of investor myopia. This phenomenon can be considered as the key to many fundamental economic problems of developing and transitional economies.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- I. Rozmainsky., 2011. "Why Does Health Capital Increase in the Developed Countries and Decrease in Post-Soviet Russia?," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 10.
- Thomas I. Palley, 1996. "Growth Theory in a Keynesian Mode: Some Keynesian Foundations for New Endogenous Growth Theory," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 19(1), pages 113-135, October.
When requesting a correction, please mention this item's handle: RePEc:mje:mjejnl:v:9:y:2013:i:3:p:45-56. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Eryk Wdowiak)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.