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This paper investigates the effect of institutional quality on sustainable development.Institutional quality is assumed to determine the (perceived) risk in the face of which oil and mining firms determine their level of investment in physical and natural capital. Since these two types of...
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his concept of optimum saving developed as a reaction to Ramsey's approach to capital accumulation. It is shown that …In the 1960s and 1970s Harrod shifted the emphasis of his research in economic dynamics from the study of business …, according to Harrod, the saving rate does not affect the long-run growth rate of per capita income, which is determined by …
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-1936 from when he worked on A Treatise on Money to the completion of his General Theory. The forced saving notion has been …I examine John Maynard Keynes' struggle with the doctrine of the classical forced saving during the period 1924 … what led John Maynard Keynes to completely abolish ideas related to forced saving and place his emphasis on effective …
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-Horioka puzzle ; capital mobility ; capital flows ; saving ; investment ; Adam Smith ; invisible hand …
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Historians of the social sciences and historians of economics have come to agree that, in the United States, the 1940s transformation of economics from political economy to economic science was associated with economists’ engagements with other disciplines – e.g. mathematics, statistics,...
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