A model of the Keynesian theory for the Portuguese manufactured industry

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

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 1986 to 1994. 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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Keynesian theory; linear models; manufactured industries; Portuguese regions
• Subjects: O - Economic Development, Innovation, 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

References

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V.J.P.D. Martinho. The Verdoorn law in the Portuguese regions: a panel data analysis. MPRA Paper 32186, University Library of Munich, Germany (2011).

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