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.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 2022-07
- Classification
-
Wirtschaft
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Macroeconomics: Consumption; Saving; Wealth
One, Two, and Multisector Growth Models
- Subject
-
Harrod's problems
income distribution
saving rates
Cambridge equation
- Event
-
Geistige Schöpfung
- (who)
-
Skott, Peter
- Event
-
Veröffentlichung
- (who)
-
University of Massachusetts, Department of Economics
- (where)
-
Amherst, MA
- (when)
-
2022
- DOI
-
doi:10.7275/g3zj-k469
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Skott, Peter
- University of Massachusetts, Department of Economics
Time of origin
- 2022
Other Objects (12)
Growth cycles in mature and dual economies
Aggregate demand policy in mature and dual economies
Re-Visiting Fisher Effect for Fragile Five Economies
Revisiting the decentralization theorem: on the role of externalities
Revisiting Noether’s Theorem on constants of motion
Revisiting the Macroeconomic Impact of Oil Shocks in Asian Economies
Labor reallocation and firm growth: Benchmarking transition countries against mature market economies
Labor reallocation and firm growth: benchmarking transition countries against mature market economies
Mature.
No coupling, no decoupling, only mutual inter-dependence: Business cycles in emerging vs. mature economies
Corruption, entrepreneurship and institutional environment : a cross-national comparison between emerging and mature market economies
Trade effects of monetary integration in large, mature economies : a primer on the European Monetary Union
Growth cycles in mature and dual economies
Aggregate demand policy in mature and dual economies
Re-Visiting Fisher Effect for Fragile Five Economies
Revisiting the decentralization theorem: on the role of externalities
Revisiting Noether’s Theorem on constants of motion
Revisiting the Macroeconomic Impact of Oil Shocks in Asian Economies
Labor reallocation and firm growth: Benchmarking transition countries against mature market economies
Labor reallocation and firm growth: benchmarking transition countries against mature market economies
Mature.
No coupling, no decoupling, only mutual inter-dependence: Business cycles in emerging vs. mature economies
Corruption, entrepreneurship and institutional environment : a cross-national comparison between emerging and mature market economies
Trade effects of monetary integration in large, mature economies : a primer on the European Monetary Union
Growth cycles in mature and dual economies
Aggregate demand policy in mature and dual economies
Re-Visiting Fisher Effect for Fragile Five Economies
Revisiting the decentralization theorem: on the role of externalities
Revisiting Noether’s Theorem on constants of motion
Revisiting the Macroeconomic Impact of Oil Shocks in Asian Economies
Labor reallocation and firm growth: Benchmarking transition countries against mature market economies
Labor reallocation and firm growth: benchmarking transition countries against mature market economies
Mature.
No coupling, no decoupling, only mutual inter-dependence: Business cycles in emerging vs. mature economies
Corruption, entrepreneurship and institutional environment : a cross-national comparison between emerging and mature market economies