On Growth and Saving

Joan 0'Connell ()
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Joan 0'Connell: Department of Economics, National University of Ireland, Galway

No 68, Working Papers from National University of Ireland Galway, Department of Economics

Abstract: This paper is concerned with the relevance of the macroeconomic theory of income distribution to the ?new? growth theory. Specifically, it shows that the Cambridge equation, originally outlined in the context of the Harrod-Domar growth model, and then extended to Solow?s (1956) neoclassical model, may also be derived in the case of Jones?s (1995, 2002) semi-endogenous growth theory.

Keywords: Distribution; Growth; Interest; Savings (search for similar items in EconPapers)
JEL-codes: D3 O4 (search for similar items in EconPapers)
Date: 2003, Revised 2003
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