A Pasinetti model of savings and growth

Donald George

Research output: Working paper

Abstract / Description of output

This paper develops a two-sector growth model in which institutional investors play a significant role. A necessary and sufficient condition is established under which these investors own the entire capital stock in the long run. The dependence of the long-run growth rate on the behaviour of such investors, and the effects of a productivity increase are analysed.
Original languageEnglish
Number of pages21
Publication statusPublished - 20 Jan 2017


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