The impact of technical change and profit on investment in Australian manufacturing
This paper combines W.E.G. Salter's analysis of capital-embodied technical change with Kalecki's analysis of financing investment from retained profits to provide a Post Keynesian model of investment with process innovation, which is applied to data from Australian manufacturing industries...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Routledge
2011
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| Online Access: | http://hdl.handle.net/20.500.11937/20531 |