Imported capital goods and the income adjustment process in small open economies

Imported capital goods and the income adjustment process in small open economies

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The principle of effective demand states that given endogenous expenditure patterns, the level of exogenous expenditure determines the level of employment. If investment represents the sole form of exogenous expenditure, employment adjusts to the level of investment. If exogenous expenditure cha...

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Bibliographic Details
Main Author: Hawkins, Penelope Anne.
Other Authors: Torr, Christopher
Format: Others
Language:en
Published: 2015
Subjects:
Income adjustment
Principle of effective demand
Small open economy
Exogenous expenditure
Imported capital goods
Animal spirits
Balance of payments
339.210968
Income maintenance programs
States
Online Access:Hawkins, Penelope Anne. (1995) Imported capital goods and the income adjustment process in small open economies, University of South Africa, Pretoria, <http://hdl.handle.net/10500/16919>
http://hdl.handle.net/10500/16919

Internet

Hawkins, Penelope Anne. (1995) Imported capital goods and the income adjustment process in small open economies, University of South Africa, Pretoria, <http://hdl.handle.net/10500/16919>
http://hdl.handle.net/10500/16919

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