The general theory of employment at 86: some empirical evidence
Autor(a) principal: | |
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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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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 |
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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 |
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1799138109334487040 |