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Externalities, endogenous growth and the investment accelerator: some estimates for the Greek manufacturing
Journal of Economics and Business - SPOUDAI
View Archive Info| Field | Value | |
| Title |
Externalities, endogenous growth and the investment accelerator: some estimates for the Greek manufacturing
Externalities, endogenous growth and the investment accelerator: some estimates for the Greek manufacturing |
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| Creator |
Κασκαρέλης, Ιωάννης Α.
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| Subject |
Μακροοικονομία; Επένδυση
Macroeconomics; Investment |
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| Description |
This paper attempts to provide a brief survey on macroeconomic theories which deal with externalities, refer to the empirical testing of these theories and investigates the existence of investment accelerator in Greek manufacturing industry. Investment accelerator could arise as a learning process in the economy, which implies that agents learn about the state of the economy from the realisation of output and invest (and probably decide about employment) accordingly. Our aggregate data supports the existence of investment accelerator but not that of the employment one. |
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| Publisher |
University of Piraeus
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| Date |
1994-01-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://spoudai.unipi.gr/index.php/spoudai/article/view/1021
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| Source |
SPOUDAI - Journal of Economics and Business; Vol 44, No 1-2 (1994); 31-39
2241-424X 1105-8919 |
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| Language |
eng
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| Relation |
http://spoudai.unipi.gr/index.php/spoudai/article/view/1021/1100
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| Rights |
Copyright (c) 1994 SPOUDAI - Journal of Economics and Business
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