A Note on the Theory of Demand-Led Growth

Posted: 29 Feb 2008

See all articles by N. H. Barbosa-Filho

N. H. Barbosa-Filho

Universidade Federal do Rio de Janeiro (UFRJ) - Institute of Economics

Date Written: DECEMBER 2000

Abstract

This paper presents a demand-led growth model where an exogenous investment function drives capital accumulation through a Bernoulli differential equation. In such a framework investment generates savings through changes in capacity utilisation and/or income distribution, making economic growth totally demand-led. Taking a Structuralist perspective the model is constructed to be consistent with different Keynesian closures for the investment function, as well as with different assumptions about savings' adjustment to investment.

Suggested Citation

Barbosa-Filho, Nelson Henrique, A Note on the Theory of Demand-Led Growth (DECEMBER 2000). Contributions to Political Economy, Vol. 19, pp. 19-32, 2000, Available at SSRN: https://ssrn.com/abstract=811300

Nelson Henrique Barbosa-Filho (Contact Author)

Universidade Federal do Rio de Janeiro (UFRJ) - Institute of Economics ( email )

Rio de Janeiro, 22 290 080
Brazil

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