Aggregate Demand, Aggregate Supply and Economic Growth
Aggregate Demand, Aggregate Supply and Economic Growth
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总需求、总供给和经济增长
DOI:
10.1080/02692170600736094
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发表时间:
2006
影响因子:
2.2
通讯作者:
A. Dutt
中科院分区:
文献类型:
--
作者:
A. Dutt
Abstract While mainstream growth theory in its neoclassical and new growth theory incarnations has no place for aggregate demand, Keynesian growth models in which aggregate demand determines growth neglect the role of aggregate supply. By assuming that the rate of technological change responds to labour market conditions, this paper develops a simple and conventional growth model that integrates the roles of aggregate demand and aggregate supply. The model shows how the long‐run equilibrium growth rate of the economy, at which the unemployment rate is constant, can be affected by aggregate demand.