The general theory of employment at 86: some empirical evidence

Detalhes bibliográficos
Autor(a) principal: Lima, Diogo Manuel Ferreira de
Data de Publicação: 2021
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/144604
Resumo: In this paper we develop an empirically testable version of the General Theory of Employment. We model it using a simultaneous system of equations, and estimate this system with three-stage least-squares (3SLS). Our results indicate that present income is the main driver of consumption, the transaction motive dominates in the liquidity preference, the major determinant of investment is the state of long-term expectations, and employment is principally pushed by private investment spending.
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spelling The general theory of employment at 86: some empirical evidenceMacroeconomicsEmploymentUncertaintyInvestmentDomínio/Área Científica::Ciências Sociais::Economia e GestãoIn this paper we develop an empirically testable version of the General Theory of Employment. We model it using a simultaneous system of equations, and estimate this system with three-stage least-squares (3SLS). Our results indicate that present income is the main driver of consumption, the transaction motive dominates in the liquidity preference, the major determinant of investment is the state of long-term expectations, and employment is principally pushed by private investment spending.Rodrigues, Paulo Manuel MarquesRUNLima, Diogo Manuel Ferreira de2022-10-12T08:11:11Z2022-01-132021-12-172022-01-13T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/144604TID:203063163enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:24:18Zoai:run.unl.pt:10362/144604Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:51:38.577248Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The general theory of employment at 86: some empirical evidence
title The general theory of employment at 86: some empirical evidence
spellingShingle The general theory of employment at 86: some empirical evidence
Lima, Diogo Manuel Ferreira de
Macroeconomics
Employment
Uncertainty
Investment
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short The general theory of employment at 86: some empirical evidence
title_full The general theory of employment at 86: some empirical evidence
title_fullStr The general theory of employment at 86: some empirical evidence
title_full_unstemmed The general theory of employment at 86: some empirical evidence
title_sort The general theory of employment at 86: some empirical evidence
author Lima, Diogo Manuel Ferreira de
author_facet Lima, Diogo Manuel Ferreira de
author_role author
dc.contributor.none.fl_str_mv Rodrigues, Paulo Manuel Marques
RUN
dc.contributor.author.fl_str_mv Lima, Diogo Manuel Ferreira de
dc.subject.por.fl_str_mv Macroeconomics
Employment
Uncertainty
Investment
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Macroeconomics
Employment
Uncertainty
Investment
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description In this paper we develop an empirically testable version of the General Theory of Employment. We model it using a simultaneous system of equations, and estimate this system with three-stage least-squares (3SLS). Our results indicate that present income is the main driver of consumption, the transaction motive dominates in the liquidity preference, the major determinant of investment is the state of long-term expectations, and employment is principally pushed by private investment spending.
publishDate 2021
dc.date.none.fl_str_mv 2021-12-17
2022-10-12T08:11:11Z
2022-01-13
2022-01-13T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/144604
TID:203063163
url http://hdl.handle.net/10362/144604
identifier_str_mv TID:203063163
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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