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A model of the Keynesian theory for the Portuguese manufactured industry

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  • Martinho, Vítor João Pereira Domingues

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.

Suggested Citation

  • Martinho, Vítor João Pereira Domingues, 2011. "A model of the Keynesian theory for the Portuguese manufactured industry," MPRA Paper 33632, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:33632
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    References listed on IDEAS

    as
    1. Vitor Joao Pereira Domingues Martinho, 2011. "The Verdoorn Law in the Portuguese Regions: A Panel Data Analysis," Papers 1110.5544, arXiv.org.
    2. A. P. Thirlwall, 2007. "Regional Problems are "Balance-of-Payments" Problems," Regional Studies, Taylor & Francis Journals, vol. 41(sup1), pages 89-95.
    3. Miguel A. Leon-Ledesma, 1998. "Economic Growth and Verdoorn's Law in the Spanish Regions, 1962-1991," Studies in Economics 9801, School of Economics, University of Kent.
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    More about this item

    Keywords

    Keynesian theory; linear models; manufactured industries; Portuguese regions;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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