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Measuring Capacity Utilization in OECD Countries: A Cointegration Method
This paper derives measures of potential output and capacity utilization for a number of OECD countries, using a method based on the cointegration relation between output and the capital stock. TheExpand
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Finance and the Macroeconomic Process in a Classical Growth and Cycles Model
The aim of this paper is to derive an endogenous growth and cycles model which integrates the sectoral incomes, expenditures, and finance requirements into an ex ante social accounting matrix (SAM)Expand
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Government Spending and Growth Cycles: Fiscal Policy in a Dynamic Context
In this paper the impact of fiscal policy is analyzed within the context of an endogenous growth and cycles model. The investigation shows the different situations in which government expenditure canExpand
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The Social Wage, Welfare Policy and the Phases of Capital Accumulation
This paper addresses two broad questions. The first one relates to the economic rationale for the existence of the welfare state. To address this question, we review the marginalist arguments andExpand
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Alternative theories of competition : challenges to the orthodoxy
Foreword by John Weeks Introduction: The Search for an Alternative 1. "The Fallacy of Competition: Markets and the Movement of Capital" 2. "The Hidden History of Competition and its Implications" 3.Expand
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How State Policies Can Raise Economic Growth
Neither neoliberal policies nor policies entailing a rising budget deficit-to-GDP ratio will be successful in increasing long-run growth, writes this author. What is needed are higher taxes, whichExpand
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1999 Levy Institute Survey of Small Business: An Impending Cash Flow Squeeze?
Modest sales expectations and limited access to bank credit may be curtailing small businesses' plans for hiring and capital investment.
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The political economy of public investment and public finance: challenges for social democratic policies
The ‘comprehensive socialization of investment’ was a key policy goal of The General Theory. And yet, empirically, we have seen a decline in the public investment share in most OECD countriesExpand
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