Abstract
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 language | English |
|---|---|
| Pages | 1-21 |
| Number of pages | 21 |
| Publication status | Published - 20 Jan 2017 |