The causes of endoegenous crises : heterodox explanations and empirical analysis
Schröder Bosch, Jordi
Sole del Barrio, Anna, dir. (Universitat Autònoma de Barcelona. Departament d'Economia i d'Història Econòmica)
Universitat Autònoma de Barcelona. Facultat d'Economia i Empresa

Date:	2020
Description:	52 pag.
Abstract:	The possibility of endogenous economic crises is an issue that divides economists. Many orthodox approaches reject the existence of this kind of crises (economic recessions are the result of exogenous shocks), while various heterodox schools of thought have conceptualised crisis as an endogenous phenomenon of the cycle. However, these schools differ on what are the causes and the origin of such crisis. The main explanations offered about the main driving of the cycle and its ultimate effect producing crisis are underconsumption, the evolution of profits, and investment. The most relevant schools that have contributed to the debate on endogenous crisis are the classical political economists, the Marxist, and the Keynesian schools of thought. However, so far, this is still a topic of intense debate among many scholars and no agreement on the factors leading to crisis has been reached. A distributed lag model is applied to a time series of profits and investment in the UK economy in order to explore for the relationship between variables. The empirical analysis does not provide robust conclusions and more discussion and debate is needed on that issue.
Rights:	Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució i la comunicació pública de l'obra, sempre que es reconegui l'autoria de l'obra original. No es permet la creació d'obres derivades.
Language:	Anglès
Studies:	Grau en Economia [2501573]
Study plan:	Grau en Economia [1280]
Document:	Treball final de grau ; Text

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Pòster 1 p, 339.3 KB

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Research literature > Bachelor's degree final project > Faculty of Economics and Business Studies