Differential savings, factor shares, and endogenous growth cycles
نویسندگان
چکیده
منابع مشابه
Di!erential savings, factor shares, and endogenous growth cycles
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 paper analyzes in detail the dynamics for the case with a "xed proportions technology as well as wi...
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ژورنال
عنوان ژورنال: Journal of Economic Dynamics and Control
سال: 2000
ISSN: 0165-1889
DOI: 10.1016/s0165-1889(99)00032-9