Önder Nomaler, Danilo Spinola and Bart Verspagen

Author Archive | Önder Nomaler, Danilo Spinola and Bart Verspagen

working_paper_2020_30

Schumpeter and Keynes: Economic Growth in a Super-Multiplier Model

We present a model of economic growth that is based on Keynesian ideas (the role of autonomous demand in economic growth) as well as Schumpeterian notions (technological change). Our model fits in the Sraffian supermultiplier (SSM) tradition, and we endogenize the growth rate of autonomous demand, and semi-endogenize productivity growth. The basic model has a […]

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