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- Stockhammer, Engelbert, et al. Show all 2 Author
- Ecological economics 2018 v.154 pp. 168-188
- capital; hysteresis; issues and policy; labor; labor market; research and development; technological change
- ... This paper presents a post-Keynesian ecological macromodel, which is stock-flow consistent, and incorporates directed technological change. Private and public R&D spending across three competing, yet complementary inputs – Labor, Capital, and Resources – follow a portfolio allocation decision, where inputs with relatively higher growth in costs, see higher R&D investment and productivity gains. Tw ...