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Sources of capital growth

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  • Gordon Getty
  • Nikita Tkachenko

Abstract

Data from national accounts show no effect of change in net saving or consumption, in ratio to market-value capital, on change in growth rate of market-value capital (capital acceleration). Thus it appears that capital growth and acceleration arrive without help from net saving or consumption restraint. We explore ways in which this is possible, and discuss implications for economic teaching and public policy

Suggested Citation

  • Gordon Getty & Nikita Tkachenko, 2023. "Sources of capital growth," Papers 2309.03403, arXiv.org, revised Jan 2026.
    • Handle: RePEc:arx:papers:2309.03403
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    References listed on IDEAS

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    1. Thomas Piketty & Gabriel Zucman, 2014. "Capital is Back: Wealth-Income Ratios in Rich Countries 1700–2010," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(3), pages 1255-1310.
    2. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    3. repec:hal:pseose:halshs-01109372 is not listed on IDEAS
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