The impact of technical change and profit on 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 post-Keynesian model of investment with innovation, which is applied to data from Australian manufacturing industries. In the estima...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Conference Paper |
| Published: |
Society of Heterodox Economists, The University of New South Wales
2008
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| Online Access: | http://hdl.handle.net/20.500.11937/44370 |