IDEAS home Printed from https://ideas.repec.org/a/bla/kyklos/v25y1972i4p771-790.html
   My bibliography  Save this article

Eine Verallgemeinerung Des Wachstumsmodells Von Solow Und Ihre Anwendung Auf Das Neoklassische Theorem

Author

Listed:
  • Wolfgang J. MÜckl

Abstract

Solow's famous contribution to the theory of economic growth is based on the assumption that the savings proportions are the same for all income earners. In this study this restrictive premise is replaced by the assumption that the savings proportions vary according to the different groups of income earners. This paper sets out to analyse the resultant consequences for the long‐run equilibrium growth. One essential result is that both the overall savings proportion and the capital‐output‐ratio are flexible. Their steady‐state solutions are, in contrast to the respective solutions in Solow’s original paper, dependent on the form of the production function. Moreover, there can be derived certain conditions for the special long‐run equilibrium of the Neo‐Classical Theorem, which are implying no specific restrictions on the savings proportions of the various groups. Besides, there is shown that on these conditions not only a maximum of total consumption per man is achieved but also an equal distribution of consumption among all groups.

Suggested Citation

  • Wolfgang J. MÜckl, 1972. "Eine Verallgemeinerung Des Wachstumsmodells Von Solow Und Ihre Anwendung Auf Das Neoklassische Theorem," Kyklos, Wiley Blackwell, vol. 25(4), pages 771-790, November.
    • Handle: RePEc:bla:kyklos:v:25:y:1972:i:4:p:771-790
    DOI: 10.1111/j.1467-6435.1972.tb01081.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-6435.1972.tb01081.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-6435.1972.tb01081.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:kyklos:v:25:y:1972:i:4:p:771-790. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.