MACROECONOMIA DO INVESTIMENTO INDUZIDO E AS TEORIAS DOS CICLOS ECONÔMICOS E DAS CRISES EM KEYNES-MINSKY:UMA ANÁLISE DE COINTEGRAÇÃO APLICADA À ECONOMIA BRASILEIRA PARA 1990 A 2019
Keywords:
Abordagem Pós-keynesiana, ciclos econômicos, Determinantes MacroeconômicosAbstract
The main objective of this article is to discuss and estimate the relationship between Induced Investment (II) and the Gross Domestic Product (GDP) cycle of the Brazilian economy, based on the theoretical foundations of John Maynard Keynes and Hyman Philip Minsky. In addition, the methodology for carrying out the econometric modeling involves the use of unit root and cointegration tests of the Induced Investment and GDP series in Brazil between 1990 and 2019. The results of the econometric models confirm Keynes-Minsky's economic foundations on business cycles. Therefore, it is up to economic agents, especially the government and the business sector, to observe the best method of employing them, in order to guarantee a more effective recovery of the economy, not only focusing on growth speed, but in medium and long term stabilization in order to avoid new outbreaks of crisis in the short term.
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