IDEAS home Printed from https://ideas.repec.org/a/oup/restud/v30y1963i3p151-166..html
   My bibliography  Save this article

The Adjustment of Savings to Investment in a Growing Economy

Author

Listed:
  • J. E. Meade

Abstract

A major issue underlying the differences between what have come to be known as the Neo-Keynesian and the Neo-Classical theories of economic growth is the extent to which, and the mechanisms by which, savings and investment are brought into balance in a growing economy with full employment. To what extent for equilibrium growth must the level of investment be, somehow or another, adjusted to the level of the savings which the community is prepared to make in ‘equilibrium’ conditions? Or may the level of investment be determined independently (by government policy or the animal spirits of the entrepreneurs) with the level of savings adjusting itself to that level of investment? And, given these mechanisms, what will be the effect upon employment, output, growth, and price inflation of a policy which stimulates investment without affecting the citizens’ propensities to save?
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • J. E. Meade, 1963. "The Adjustment of Savings to Investment in a Growing Economy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 30(3), pages 151-166.
    • Handle: RePEc:oup:restud:v:30:y:1963:i:3:p:151-166.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/2296315
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:restud:v:30:y:1963:i:3:p:151-166.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/restud .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.