The Theory of Saving and the Stability of Growth Equilibrium

Winston Chang

The Quarterly Journal of Economics, 1969, vol. 83, issue 3, 491-503

Abstract: I. Introduction and summary of main conclusions, 491. — II. The structure of an aggregate economy, 493. — III. The general saving function and the existence of the steady-state growth path, 494. — IV. Uniqueness and stability of the steady-state growth path, 498.

Date: 1969
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