Autonomous demand, Harrodian instability and the supply side
A recent literature introduces autonomous demand as the driver of long-run economic growth and as a stabilizing force that tames Harrodian instability. The argument is unconvincing. The stabilizing effect is modest for plausible parameter values and more importantly, it is questionable whether any c...
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| Format: | Article |
| Language: | English |
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Wiley-Blackwell
2019
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| Online Access: | View Fulltext in Publisher |