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Neo-Kaleckian Growth Models (Dávila-Fernández el al.)

Inconsistency and Over-determination in neo-Kaleckian growth models: a note by Marwil J. Dávila-Fernández, José L. Oreiro and Lionello F. Punzo. “This short note argues that canonical neo-Kaleckian growth model does not yield a balanced growth path due to the absence of an inbuilt mechanism by which desired and actual rates of capital accululation are equalized…” 

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