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19 Oct 2023: for the Leontief approach and introduced the idea of endogenous consumption in such models. ... Because. consumption is endogenous and these sectors depend on consumers demand, the income.

19 Oct 2023: References. Aghion, P. & Howitt, P. (1998) Endogenous Growth Theory (Cambridge MA, MIT Press). ... 94, pp. 1002-1037. Romer, P.M. (1990) Endogenous Technical Change, Journal of Political Economy, Vol.

19 Oct 2023: Keywords: endogenous money, fiscal policy, innovations, modern money theory, monetary. policy, neokeynesian dynamic porfolio models. ... One can also point out thatthe endogenous money view incapsulated in MMT is not radically new.

19 Oct 2023: their analysis. OULTON AND O’MAHONY’S TEST OF “IS CAPITAL ‘SPECIAL’? ”. The early form of the endogenous growth theory emphasised the particular role of. ... 84, pp. 903-915. Felipe, J. (2001a), “Endogenous Growth, Increasing Returns, and

19 Oct 2023: In this way, Minsky argues that these financial factors generate endogenous instability, i.e. ... In an endogenous growth framework, technological advance, including computerisation in the New Economy, has positive implications for productivity growth

19 Oct 2023: to endogenous growth models, focus on activities, such as research and development and. ... These. authors, however, do not consider any impact of endogenous technological progress in.

19 Oct 2023: endogenous, but might still be informative on the pricing strategies of individuals in our sample.

19 Oct 2023: According to Krugman (1989), therefore, the income elasticities are entirely. endogenous in relation to the domestic share of the world’s product varieties, which means. ... endogenous variables, and orthogonal to the error process” (Baum et al., 2003

19 Oct 2023: seems inappropriate because it is likely that k is endogenous, being largely determined by the. ... According. to this method, the instrument of an endogenous variable is taken to be an indicator variable that.

19 Oct 2023: A more realistic assumption is that the rate of growth of capital is endogenous,. ... Kaldor, the rate of growth of capital stock is endogenous, the poor results of the.