A two-sector growth model with institutional saving and investment

Donald George

Research output: Working paperDiscussion paper


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
PublisherEdinburgh School of Economics Discussion Paper Series
Number of pages20
Publication statusPublished - 2012

Publication series

NameESE Discussion Papers


  • O41
  • O43


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