Dynamic investment and financial development, application of Kaleckian, Post-Keynesian model

摘要: Investment analysis at the macroeconomic level has been very extensive, ever since Keynes (1936) placed investment function centre stage when analysing why a market capitalist economy does not necessarily achieve full employment equilibrium. Keynesians posit that goods demand determines labour outcomes. Thus idea of hierarchy markets is implied. In particular neo-Kaleckian hypotheses about relation between profit share and capacity utilisation (Bhaduri Marglin 1990, Blecker 1999) explored. this study, Kaleckian-Post-Keynesian model, which an extended version Bhaduri (1990) serves as starting point. This study attempts to investigate impact financial development on domestic behaviour.