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Capacity Utilisation in the Long Run: A Reply to Serrano

Author

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  • Attilio Trezzini

Abstract

The variability of long-run capacity utilisation has to be considered as an expression of the determining role of aggregate demand in the growth process. This paper discusses the model proposed by Serrano in which such determining role is apparently reconciled with condition of normal utilisation of capacity in the long run.

Suggested Citation

  • Attilio Trezzini, 1998. "Capacity Utilisation in the Long Run: A Reply to Serrano," Departmental Working Papers of Economics - University 'Roma Tre' 0006, Department of Economics - University Roma Tre.
    • Handle: RePEc:rtr:wpaper:0006
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    File URL: http://dipeco.uniroma3.it/public/WP%206%20Trezzini%2098.pdf
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    Cited by:

    1. Sergio Parrinello, 2014. "A search for distinctive features of demand-led growth models," PSL Quarterly Review, Economia civile, vol. 67(270), pages 309-342.

    More about this item

    Keywords

    Capacity Utilisation; Demand-led Growth;

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory

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