This paper considers a two sectors heterogeneous firms model where firms' specific production technology and capital intensity are endogenously determined through business dynamics. It shows that a shock to the relative price of investment goods is followed by the entrance of new firms...

The aim of this publication is an attempt to prove the impact of the level of capital intensity in the economy on the rate of economic growth. The author has mostly based his reflections on the major issues of M. Kalecki's economics. These are economic growth rate, production accumulation, and...

This paper considers a two sectors heterogeneous firms model where firms' specific production technology and capital intensity are endogenously determined through business dynamics. It shows that a shock to the relative price of investment goods is followed by the entrance of new firms...