Theory of Investment and Saving

Xiaokai Yang and Wai-Man Liu
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Wai-Man Liu: University of New South Wales, Australia

Chapter 21 in Inframarginal Economics, 2008, pp 673-708 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:Neoclassical Theory of Investment and SavingNeoclassical Models of Self-Saving and Interpersonal LoansSmithian Theory of Investment and SavingsConfiguration sequence and structure sequenceDynamic corner equilibria in 16 structure sequencesInvestment, Capital, and Division of Labor in Roundabout ProductionDynamic general equilibriumNon-topological properties of economic growth and sudden decline of interest ratesEndogenous decision horizon and effect of liberalization reforms on opportunities for lucrative investmentFurther ReadingQuestions

Keywords: Inframarginal Economics; Inframarginal Analysis; Division of Labor; Specialization; Network Effects; Smithian Framework; Transaction Costs (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Date: 2008
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