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The Exogeneity of Investment: From Systemic Laws of Accumulation and Growth to Effective Demand Conditions

In: The Economics of Demand-Led Growth

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  • Joseph Halevi
  • Rééduane Taouil

Abstract

The Economics of Demand-Led Growth is a collection of specially written essays that develop and apply the theory of demand-led growth. Long-run growth is usually portrayed as a supply-determined process. The contributions to this volume, however, are rooted in the theory of demand-led growth. In addition to general discussions of the role of demand in the long-run, the volume contains essays in the Kaldorian and Kaleckian traditions, and a section on the relationship between demand-led growth and structural change. The conclusion reached is that current neglect of the role of demand in analyses of long-run growth is unwarranted.

Suggested Citation

  • Joseph Halevi & Rééduane Taouil, 2002. "The Exogeneity of Investment: From Systemic Laws of Accumulation and Growth to Effective Demand Conditions," Chapters, in: Mark Setterfield (ed.), The Economics of Demand-Led Growth, chapter 3, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:1864_3
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    Cited by:

    1. Jamee K. Moudud, 2010. "Strategic Competition, Dynamics, and the Role of the State," Books, Edward Elgar Publishing, number 4241.
    2. Davide Gualerzi, 2010. "The Paths of Transformational Growth," Chapters, in: Mark Setterfield (ed.), Handbook of Alternative Theories of Economic Growth, chapter 8, Edward Elgar Publishing.

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    Economics and Finance;

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