Economic growth with institutional saving and investment

Donald George

Research output: Contribution to journalArticlepeer-review

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 languageEnglish
Pages (from-to)28-40
JournalReview of Political Economy
Volume30
Issue number1
Early online date10 May 2018
DOIs
Publication statusPublished - 2018

Keywords

  • growth
  • saving
  • investment
  • Pasinetti

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