O modelo de investimento de Kalecki: análise empírica dos Estados Unidos, 1948-1980
Brazilian Journal of Political Economy, Vol. 6 No. 2 (1986), Apr-Jun / 1986, Pages
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.