The Kaldor model describes the dynamics of economic growth over time. Many works showed that a large variety of qualitative dynamics can be produced depending on the economic assumptions. This work provides conditions to mark boundaries during boom and bust cycles, investigating how saving behaviors of workers and shareholders and elasticity of substitution between capital and labor influence the growth dynamics of non-developed, developing and developed countries considering general and specific technologies of production. The results obtained can be used by policymakers to increase the lower level an economy can reach during boom and bust periods and reduce fluctuations.

A note on the influence of saving behaviors on economic growth

Grassetti, F.;Mammana, C.;Michetti, E.
2019-01-01

Abstract

The Kaldor model describes the dynamics of economic growth over time. Many works showed that a large variety of qualitative dynamics can be produced depending on the economic assumptions. This work provides conditions to mark boundaries during boom and bust cycles, investigating how saving behaviors of workers and shareholders and elasticity of substitution between capital and labor influence the growth dynamics of non-developed, developing and developed countries considering general and specific technologies of production. The results obtained can be used by policymakers to increase the lower level an economy can reach during boom and bust periods and reduce fluctuations.
2019
Wiley-Blackwell
Internazionale
http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-999X
File in questo prodotto:
File Dimensione Formato  
Grassetti_note-influence-saving_2018.pdf

solo utenti autorizzati

Tipologia: Versione editoriale (versione pubblicata con il layout dell'editore)
Licenza: DRM non definito
Dimensione 1.4 MB
Formato Adobe PDF
1.4 MB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11393/248737
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 4
  • ???jsp.display-item.citation.isi??? 4
social impact