The Generalization of Multiplier Analysis of Keynes,Kalecki,and Leontief:Structural Aspects of the Miyazawa ModelThe Generalization of Multiplier Analysis of Keynes,Kalecki,and Leontief:Structural Aspects of the Miyazawa Model
The aim of this paper is to survey the Miyazawa model, which incorporate the Keynesian-Kaleckian multiplier analysis with Leontief’s model, and to analyze the dynamic and structural aspects of the Miyazawa Model. In section 2, we examine the multiplier analysis from the Keynes-Kalecki-Leontief perspective. In section 3, we present the Miyazawa model with a focus on the Income-distributional multiplier. In section 4, we present an inter-industry expansion on the post-Keynesian perspective. Finally, in section 5, we present the concluding remarks that include certain comments regarding the current economic policy implications of public policy and private investment.