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 language | English |
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Pages (from-to) | 28-40 |
Journal | Review of Political Economy |
Volume | 30 |
Issue number | 1 |
Early online date | 10 May 2018 |
DOIs | |
Publication status | Published - 2018 |
Keywords / Materials (for Non-textual outputs)
- growth
- saving
- investment
- Pasinetti