Martinho, Vítor João Pereira Domingues (2011): A model of the Keynesian theory for Portugal.
Download (540Kb) | Preview
With this work we try to present a model for Portugal based on the Keynesian theory. We built the model taking into account the Verdoorn Law, with the alternative specifications of (1)Kaldor (1966), for the five Portuguese regions (NUTS II) and from 1986 to 1994. We had in mind, yet in this work, the alternative interpretation of (2)Rowthorn (1975) of the Verdoorn's Law for the same regions and periods. The results of this work will be complemented with estimates of these relationships to other sectors of the economy than the industry (primary and services sector) and for the total economy of each region.
|Item Type:||MPRA Paper|
|Original Title:||A model of the Keynesian theory for Portugal|
|English Title:||A model of the Keynesian theory for Portugal|
|Keywords:||Keynesian theory; linear models; Portuguese regions|
|Subjects:||O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O18 - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
C - Mathematical and Quantitative Methods > C2 - Single Equation Models; Single Variables > C20 - General
C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C50 - General
R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
|Depositing User:||Vítor João Pereira Domingues Martinho|
|Date Deposited:||22. Sep 2011 13:15|
|Last Modified:||16. Feb 2013 05:22|
N. Kaldor. Causes of the Slow Rate of Economics of the UK. An Inaugural Lecture. Cambridge: Cambridge University Press, 1966.
R.E. Rowthorn. What Remains of Kaldor Laws? Economic Journal, 85, 10-19 (1975).
P.J. Verdoorn. Fattori che Regolano lo Sviluppo Della Produttivita del Lavoro. L´Industria, 1, 3-10 (1949).
N. Kaldor. Strategic factors in economic development. Cornell University, Itaca, 1967.
R.E. Rowthorn. A note on Verdoorn´s Law. Economic Journal, Vol. 89, pp: 131-133 (1979).
T.F. Cripps and R.J. Tarling. Growth in advanced capitalist economies: 1950-1970. University of Cambridge, Department of Applied Economics, Occasional Paper 40, 1973.
M.A. Leon-Ledesma. Economic Growth and Verdoorn´s Law in the Spanish Regions, 1962-1991. Working Paper, Universidad de La Laguna, Spain, 1998.
A.P. Thirlwall. Regional Problems are “Balance-of-Payments” Problems. Regional Studies, Vol. 14, 419-425 (1980).