Strategic Competition, Dynamics, and the Role of the State /
Moudud, Jamee K.
- Edward Elgar Pub, 2010
- 167 pages
This study investigates the policy implications of a long-run cyclical growth model in the tradition of Sir Roy Harrod. Emphasizing the role of Keynesian uncertainty, it shows that the growth model is anchored in a new interpretation of the Oxford Economists' Research Group's microeconomic analysis and a variant of the stock-flow consistent framework. By extending Sir Roy's insights, Jamee Moudud discusses taxation and public investment policies and the relevance of capital budgeting for raising the Harrodian warranted growth path.