The paradox of investment: A contribution to the theory of demand-led economic growth
This paper has two purposes. The first is to argue that aggregate investment may be subject to the following paradox. A rise in investment decided by firms to correct overutilization of their production capacity may generate less capacity than demand — and hence cause a paradoxical rise in overutili...
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| Format: | article |
| Language: | eng |
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2022
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| Online Access: | http://hdl.handle.net/10071/26088 |
| Country: | Portugal |
| Oai: | oai:repositorio.iscte-iul.pt:10071/26088 |