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Abstract

With this work we try to present an alternative model for Portugal based on the Keynesian theory. We built the model testing the validity of the well known -Verdoorns Law- which considers the relationship between the growth of productivity and output in the case of the Portuguese economy at a regional and sectoral levels NUTs II for the period 1995-1999. The importance of some additional variables in the original specification of Verdoorns Law is also tested, such as, trade flows, capital accumulation and labour concentration.



Item Type: MPRA Paper -

Original Title: A model of the Keynesian theory for Portugal. Another approach-

English Title: A model of the Keynesian theory for Portugal. Another approach-

Language: English-

Keywords: Keynesian theory; linear models; Portuguese regions-

Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O18 - Urban, Rural, Regional, and Transportation Analysis ; Housing ; InfrastructureC - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C20 - GeneralC - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C50 - GeneralR - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes-





Author: Martinho, Vítor João Pereira Domingues

Source: https://mpra.ub.uni-muenchen.de/33629/







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