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Warranted Growth and the Role of the State

In: Strategic Competition, Dynamics, and the Role of the State

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Abstract

Jamee Moudud provides a new microfoundational explanation for the Harrodian long-run or warranted growth rate. The author, emphasizing the role of Keynesian uncertainty, shows that the growth model is anchored in a new interpretation of the Oxford Economists’ Research Group’s microeconomic analysis and a variant of the stock-flow consistent framework. In a distinctly Kaldorian vein, Jamee Moudud discusses the relationship between capital budgeting, public investment, and taxation policy as it relates to the warranted growth rate and its impact on long-term involuntary unemployment.

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  • ., 2010. "Warranted Growth and the Role of the State," Chapters, in: Strategic Competition, Dynamics, and the Role of the State, chapter 5, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:4241_5
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    Cited by:

    1. Di Sanzo Silvestro & Bella Mariano, 2015. "Public debt and growth in the euro area: evidence from parametric and nonparametric Granger causality," The B.E. Journal of Macroeconomics, De Gruyter, vol. 15(2), pages 631-648, July.
    2. Lorenzo Forni & Geremia Palomba & Joana Pereira & Christine Richmond, 2021. "Sovereign debt restructuring and growth," Oxford Economic Papers, Oxford University Press, vol. 73(2), pages 671-697.
    3. Consiglio Andrea & Zenios Stavros A., 2015. "Risk Management Optimization for Sovereign Debt Restructuring," Journal of Globalization and Development, De Gruyter, vol. 6(2), pages 181-213, December.
    4. Daniel S. Hamermesh, 2017. "Replication in Labor Economics: Evidence from Data, and What It Suggests," American Economic Review, American Economic Association, vol. 107(5), pages 37-40, May.
    5. Gianluigi Pelloni & Marco Savioli, 2015. "Why Is Italy Doing So Badly?," Economic Affairs, Wiley Blackwell, vol. 35(3), pages 349-365, October.
    6. repec:rim:rimpre:15_01 is not listed on IDEAS

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    Keywords

    Economics and Finance;

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