𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Rent Sharing, Aggregate Saving, and Growth

✍ Scribed by Charles Engel; Kenneth M. Kletzer


Book ID
108533661
Publisher
John Wiley and Sons
Year
1998
Tongue
English
Weight
208 KB
Volume
2
Category
Article
ISSN
1363-6669

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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