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On Growth and Saving

Author

Listed:
  • 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: First version, 2003
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    File URL: http://www.economics.nuig.ie/resrch/paper.php?pid=73
    File Function: Revised version, 2003
    Download Restriction: no

    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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