Innovation, obsolescence and profit as drivers of investment in Australian manufacturing
This paper combines Salter's analysis of capital-embodied technical change with Kalecki's analysis of financing investment from retained profits to provide a model of investment with innovation, which is applied to data from Australian manufacturing industries. In the estimated model, prof...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Conference Paper |
| Published: |
The economic society of Australia (SA branch)
2009
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/42460 |