Economic Growth with Institutional Saving and Investment |
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Authors: | Donald A R George |
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Institution: | University of Edinburgh, Edinburgh, UK |
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Abstract: | This article 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. |
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Keywords: | Growth saving investment Pasinetti |
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