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A model of the Keynesian theory for the Portuguese manufactured industry. Another analysis

Martinho, Vítor João Pereira Domingues (2011): A model of the Keynesian theory for the Portuguese manufactured industry. Another analysis.

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Abstract

With this work we try to present a model for the Portuguese manufactured industry based on the Keynesian theory. We built the model testing the Verdoorn Law, with the alternative specifications of (1)Kaldor (1966), for the five Portuguese regions (NUTS II) and from 1995 to 1999. It is intended to test, yet in this work, the alternative interpretation of (2)Rowthorn (1975) about the Verdoorn's Law for the same regions and periods.

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