A two-sector growth model with institutional saving and investment
Donald A R George
No 2012-28, SIRE Discussion Papers from Scottish Institute for Research in Economics (SIRE)
This paper develops a two-sector growth model in which institutional investors play a significant role. A necessary and sufficient condition is established under which these investors own the entire capital stock in the long run. The dependence of the long-run growth rate on the behaviour of such investors, and the effects of a productivity increase are analysed.
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Persistent link: https://EconPapers.repec.org/RePEc:edn:sirdps:660
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