Growth and Stability in a Model with Pasinettian Saving Behaviour and Neoclassical Technology

Joao Ricardo Faria () and Joanílio Rodolpho Teixeira ()

Manchester School, 1999, vol. 67, issue 1, pages 111-21

Abstract: This paper analyzes a Kaldor-Pasinetti two-class model of growth and distribution in which fiscal activity is explicitly introduced along the lines of L. Pasinetti (1989). Following the approach of W. Darity (1981), the model is reduced to a dynamic system where the Cambridge equation is one of the possible steady-state solutions. The conditions for its local stability are studied and a numerical example is presented. The antidual case is more likely to occur in order to guarantee the local stability of the Cambridge equation. Copyright 1999 by Blackwell Publishers Ltd and The Victoria University of Manchester

Date: 1999
References: Add references at CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.blackwell-synergy.com/servlet/useragent ... &year=1999&part=null link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:bla:manchs:v:67:y:1999:i:1:p:111-21

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1463-6786

Access Statistics for this article

Manchester School is edited by Keith Blackburn

More articles in Manchester School from University of Manchester
Contact information at EDIRC.
Series data maintained by Wiley-Blackwell Digital Licensing ().