Arbeitspapier
Economic growth in dual and mature economies: Revisiting the Pasinetti and neo-Pasinetti theorems
This paper (i) examines the role of income distribution in the determination of the average saving rate and the growth process in dual and mature economies, and (ii) revisits the Pasinetti and neo-Pasinetti theorems. The profit share may influence saving because of differences in the saving rates across households (the Pasinetti theorem) or because firms retain part of their earnings (the neo-Pasinetti theorem). The two mechanisms are not mutually exclusive, and the alignment between warranted and natural growth rates in mature economies can happen through feedback effects from employment to the distribution of income.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2022-07
- Klassifikation
-
Wirtschaft
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Macroeconomics: Consumption; Saving; Wealth
One, Two, and Multisector Growth Models
- Thema
-
Harrod's problems
income distribution
saving rates
Cambridge equation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Skott, Peter
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Massachusetts, Department of Economics
- (wo)
-
Amherst, MA
- (wann)
-
2022
- DOI
-
doi:10.7275/g3zj-k469
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Skott, Peter
- University of Massachusetts, Department of Economics
Entstanden
- 2022
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