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Factor saving innovations and factor income shares

✍ Scribed by Hernando Zuleta


Book ID
113873495
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
205 KB
Volume
11
Category
Article
ISSN
1096-0929

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The paper analyzes the dynamic properties of the neoclassical one-sector growth model with di!erential savings in the sense of Kaldor}Pasinetti. The economy exhibits unstable steady states and #uctuations if the income distribution varies su$ciently and if shareholders save more than workers. The pa