A two-sector growth model with institutional saving and investment

Donald A. R. George ()
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Donald A. R. George: https://sites.google.com/site/dargecon60/

Edinburgh School of Economics Discussion Paper Series from Edinburgh School of Economics, University of Edinburgh

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.

JEL-codes: O41 O43 (search for similar items in EconPapers)
Pages: 20
Date: 2013-01
New Economics Papers: this item is included in nep-fdg
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Persistent link: https://EconPapers.repec.org/RePEc:edn:esedps:214

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