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On Growth and Saving

Author

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  • Joan 0'Connell

    () (Department of Economics, National University of Ireland, Galway)

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.

Suggested Citation

  • Joan 0'Connell, 2003. "On Growth and Saving," Working Papers 0068, National University of Ireland Galway, Department of Economics, revised 2003.
  • Handle: RePEc:nig:wpaper:0068
    as

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    File URL: http://www.economics.nuig.ie/resrch/paper.php?pid=73
    File Function: Revised version, 2003
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    References listed on IDEAS

    as
    1. E. Meng, M. Smale & Brennan, John P. & Hu, Ruifa, 2003. "Determinants of spatial diversity in modern wheat: examples from Australia and China," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 28(1), January.
    2. Smale, Melinda & Bellon, Mauricio R & Aguirre Gomez, Jose Alfonso, 2001. "Maize Diversity, Variety Attributes, and Farmers' Choices in Southeastern Guanajuato, Mexico," Economic Development and Cultural Change, University of Chicago Press, vol. 50(1), pages 201-225, October.
    3. Boisvert, Richard N., 1982. "The Translog Production Function: Its Properties, Its Several Interpretations and Estimation Problems," Research Bulletins 182035, Cornell University, Department of Applied Economics and Management.
    4. Léonard,Daniel & Long,Ngo van, 1992. "Optimal Control Theory and Static Optimization in Economics," Cambridge Books, Cambridge University Press, number 9780521331586, March.
    5. Moschini, Giancarlo & Hennessy, David A., 2001. "Uncertainty, risk aversion, and risk management for agricultural producers," Handbook of Agricultural Economics,in: B. L. Gardner & G. C. Rausser (ed.), Handbook of Agricultural Economics, edition 1, volume 1, chapter 2, pages 88-153 Elsevier.
    6. Chambers,Robert G., 1988. "Applied Production Analysis," Cambridge Books, Cambridge University Press, number 9780521314275, March.
    7. LaFrance, Jeffrey T., 1992. "Do Increased Commodity Prices Lead To More Or Less Soil Degradation?," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 36(01), April.
    8. Grepperud, Sverre, 1997. "Poverty, Land Degradation and Climatic Uncertainty," Oxford Economic Papers, Oxford University Press, vol. 49(4), pages 586-608, October.
    9. Hild Rygnestad & Rob Fraser, 1996. "Land Heterogeneity And The Effectiveness Of Cap Set-Aside," Journal of Agricultural Economics, Wiley Blackwell, vol. 47(1-4), pages 255-260.
    10. Salvatore Di Falco & Charles Perrings, 2003. "Crop Genetic Diversity, Productivity and Stability of Agroecosystems. A Theoretical and Empirical Investigation," Scottish Journal of Political Economy, Scottish Economic Society, vol. 50(2), pages 207-216, May.
    11. Derek Byerlee & Edward Souza, 1997. "Wheat Rusts and the Costs of Genetic Diversity in the Punjab of Pakistan," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(3), pages 726-737.
    12. Brush, Stephen B. & Taylor, J. Edward & Bellon, Mauricio R., 1992. "Technology adoption and biological diversity in Andean potato agriculture," Journal of Development Economics, Elsevier, vol. 39(2), pages 365-387, October.
    13. Grepperud, Sverre, 2000. "Optimal soil depletion with output and price uncertainty," Environment and Development Economics, Cambridge University Press, vol. 5(03), pages 221-240, July.
    14. Smale, M. & Meng, E. & Brennan, J. P. & Hu, Ruifa, 2003. "Determinants of spatial diversity in modern wheat: examples from Australia and China," Agricultural Economics, Blackwell, vol. 28(1), pages 13-26, January.
    15. Melinda Smale & Jason Hartell & Paul W. Heisey & Ben Senauer, 1998. "The Contribution of Genetic Resources and Diversity to Wheat Production in the Punjab of Pakistan," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(3), pages 482-493.
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    More about this item

    Keywords

    Distribution; Growth; Interest; Savings;

    JEL classification:

    • D3 - Microeconomics - - Distribution
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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