Shifting Paradigms in Real Investment Determinants: Insights from Orthodox and Heterodox Economics for Industry 5.0 and the SDGs

DOI: https://doie.org/10.10399/APER.2025729467

Authors:

Dr. Somnath Pruthi, Deepti Goyat, Tushar Singh Sisodia

Keywords:

Investment, Policy coordination, Interest rate, Innovation, Industry 5.0, Sustainability

Abstract:

Real investment is an important and most volatile component of aggregate demand, playing pivotal role in explaining economic fluctuations in output and employment levels and the long-run growth trajectories of an economy. The present research article is an attempt to analyze and document the dynamism in the determinants of real investment through the lenses of Orthodox and Heterodox approaches of economics. The study traces the transformation of these determinants from early school of economic thoughts to contemporary frameworks and highlights the important paradigms shifts that can affect businesses and investment decisions. Also, the study makes an attempt to logically colligate these changing determinants as foundation of Industry 5.0. Finally, it underscores the importance of these dynamic determinants in navigating forward thinking policies aligned with SDGs targets.  

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