O modelo de investimento de Kalecki: análise empírica dos Estados Unidos, 1948-1980

Vol. 6 No. 2 (1986)

Apr-Jun / 1986
Published April 1, 1986
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How to Cite

Silva, Ednaldo Araquem da. 1986. “O Modelo De Investimento De Kalecki: Análise empírica Dos Estados Unidos, 1948-1980”. Brazilian Journal of Political Economy 6 (2). https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1790.

O modelo de investimento de Kalecki: análise empírica dos Estados Unidos, 1948-1980

Ednaldo Araquem da Silva
Brazilian Journal of Political Economy, Vol. 6 No. 2 (1986), Apr-Jun / 1986, Pages

Abstract


Though published in the early 1930’s, and despite recent interest in his theory, Kalecki’s investment model has not been subject to much empirical testing. This paper specifies a three equation short run version of Kalecki’s investment model and estimates it using annual U.S. data between 1948-1980. A surprising result is that U.S. economy appears to have been dynamically unstable in the period analyzed, with cycles of increasing amplitude.