Lesslie Ann Valencia

The Open University



My research develops an explanation of economic growth through firm development. It follows Edith Penrose’s theory of the growth of the firm and Stephen Hymer’s multinational theory to analyse the impact of innovation, relationships and institutions on economic growth, with the assumptions of Post-Keynesian economics of fundamental uncertainty and social conflict.

Research interests

Agent-based models Business Cycles Competition Consumption and Growth Development Economics Distribution and Growth Kalecki Latin American Economics Political Economy Of Firms And Industries