Search results with tag "Keynesian model of development"

A Dynamic, Keynesian Model of Development

GRABOWSKI AND SHIELDS: A DYNAMIC, KEYNESIAN MODEL OF DEVELO PMENT 3 where v is the underlying capital-output ratio defined in Equation (1). Obviously K r cannot exceed K.Planned investment, I p, is defined as an increase in utilized capital and is assumed to be I p = K& r = rY, (4) where r is assumed to be exogenous.4 Note that this model differs from the usual

  Development, Model, Dynamics, Keynesian, Keynesian model of development, Keynesian model of develo pment, Develo, Pment