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
β¦ LIBER β¦
FACTOR SHARES, BUSINESS CYCLES AND THE DISTRIBUTIVE LOOP
β Scribed by William A. Jackson
- Book ID
- 111044725
- Publisher
- John Wiley and Sons
- Year
- 2012
- Tongue
- English
- Weight
- 284 KB
- Volume
- 63
- Category
- Article
- ISSN
- 0026-1386
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## Abstract We introduce a forecasting technique based on multivariate ideas previously applied in remote sensing. The approach has the trivial but nonetheless fundamental purpose of dividing the information inherent in the time series into important and unimportant. Important information is used f