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Growth, instability and cycles: Harrodian and Kaleckian models of accumulation and income distribution

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dc.contributor.authorSkott, Peter
dc.contributor.departmentUniversity of Massachusetts - Amherst
dc.date2023-09-22T20:23:58.000
dc.date.accessioned2024-04-26T16:30:21Z
dc.date.available2024-04-26T16:30:21Z
dc.date.issued2008-01-01
dc.description.abstractThis paper compares Kaleckian and Harrodian models of accumulation. The simplicity of the canonical Kaleckian model is appealing but more complex Harrodian specifications are preferable from a behavioral perspective. The local instability of Harrodian-inspired specifications, moreover, offers a unified understanding of both trend and cycles.
dc.identifier.doihttps://doi.org/10.7275/1068825
dc.identifier.urihttps://hdl.handle.net/20.500.14394/22108
dc.relation.urlhttps://scholarworks.umass.edu/cgi/viewcontent.cgi?article=1019&context=econ_workingpaper&unstamped=1
dc.source.issue2008-12
dc.source.statuspublished
dc.subjectKalecki
dc.subjectHarrod
dc.subjectKaldor
dc.subjectRobinson
dc.subjectSteindl
dc.subjectinvestment function
dc.subjectstability
dc.subjectgrowth cycle
dc.subjectreserve army
dc.subjectmultiple equilibria
dc.subjectEconomics
dc.titleGrowth, instability and cycles: Harrodian and Kaleckian models of accumulation and income distribution
dc.typearticle
dc.typearticle
digcom.contributor.authorSkott, Peter
digcom.identifierecon_workingpaper/14
digcom.identifier.contextkey1068825
digcom.identifier.submissionpathecon_workingpaper/14
dspace.entity.typePublication
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