Cambridge Theorem, Ricardian Equivalence and Government Activity / Cambridge Theorem, ricardianische Äquivalenz und staatliches Handeln
Gupta Kanhaya L.
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Gupta Kanhaya L.: University of Alberta, Department of Economics, CAN-Edmonton, T6G 2H4, Canada
Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 1996, vol. 215, issue 3, 344-351
Abstract:
The aim of this paper is threefold. First, it develops a generalized savings function which explicitly takes into account the government’s budget constraint properly specified. Second, it reexamines the “Cambridge Theorem” when the savings functions are properly specified. And, finally, it proposes a way to explicitly model the RET and shows how it would affect the steady-state rate of profit and what this would be.
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:jns:jbstat:v:215:y:1996:i:3:p:344-351:n:1007
DOI: 10.1515/jbnst-1996-0307
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