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Economic Growth with Institutional Saving and Investment

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  • Donald A. R. George

Abstract

This article develops a two-sector growth model in which institutional investors play a significant role. A necessary and sufficient condition is established under which these investors own the entire capital stock in the long run. The dependence of the long-run growth rate on the behaviour of such investors and the effects of a productivity increase are analysed.

Suggested Citation

  • Donald A. R. George, 2018. "Economic Growth with Institutional Saving and Investment," Review of Political Economy, Taylor & Francis Journals, vol. 30(1), pages 28-40, January.
  • Handle: RePEc:taf:revpoe:v:30:y:2018:i:1:p:28-40
    DOI: 10.1080/09538259.2018.1439556
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    Cited by:

    1. Klein, Aaron, 2019. "Incorporating Macroprudential Financial Regulation into Monetary Policy," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 1(4), pages 1-22, March.

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