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A two-sector growth model with institutional saving and investment

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  • George, Donald A R

Abstract

This paper 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.

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  • George, Donald A R, 2012. "A two-sector growth model with institutional saving and investment," SIRE Discussion Papers 2012-28, Scottish Institute for Research in Economics (SIRE).
    • Handle: RePEc:edn:sirdps:660
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    File URL: http://hdl.handle.net/10943/660
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