The Meaning of the Long-Run Ratio of Saving to Social Income

Attilio Trezzini ()

No 151, Departmental Working Papers of Economics - University 'Roma Tre' from Department of Economics - University Roma Tre

Abstract: The ratio of saving to social income is generally conceived as the result of stable patterns of individual and institutional decisions to save. In a theoretical context in which aggregate demand is recognized as playing a part in the growth process positing a general assumption on consumption, it is possible to argue, instead, that the ratio of saving to income is also strongly affected by the incentive to invest. It is further argued, however, that without the assumption of steady-state conditions, the ratio of saving to income cannot be conceived as a magnitude in a precise relationship to the rate of accumulation or to any other single specific phenomenon.

Keywords: Saving ratio; Economic Growth; Cyclical Fluctuations and Trends (search for similar items in EconPapers)
JEL-codes: E12 E21 O40 (search for similar items in EconPapers)
Pages: 24
Date: 2012-05
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