Since 2014
New Result in Consumption Theory:Change in Savings and Income Growth – Nineteen Years Later
Journal of Economics Library
View Archive Info| Field | Value | |
| Title |
New Result in Consumption Theory:Change in Savings and Income Growth – Nineteen Years Later
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| Creator |
WU, Cheng K.; Growonders Corp.
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| Subject |
Consumption; Martingale; Savings; Growth; Income.
E12; E21; J30; F41; B00. |
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| Description |
Abstract. This new version uses the definitions and some of the results found in Sargent’s Macroeconomic Theory. Hall’s (1978) proof of the corollary 4,ct+1 = ct, can be found in Flavin (1981). Writing the same consumption stated in Flavin, for period t+1, in a different way for the summation of the expected future incomes, it is possible to show that changes in savings is a function of income growth. This new result has implications, for instance, in Keynes’ (1936) saving and dissaving.Keywords. Consumption; Martingale; Savings; Growth; Income.JEL. E12, E21, J30, F41, B00.
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| Publisher |
Journal of Economics Library
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| Contributor |
—
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| Date |
2016-03-18
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.kspjournals.org/index.php/JEL/article/view/684
10.1453/jel.v3i1.684 |
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| Source |
Journal of Economics Library; Vol 3, No 1 (2016): March; 77-81
2149-2379 |
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| Language |
eng
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| Relation |
http://www.kspjournals.org/index.php/JEL/article/view/684/791
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| Rights |
Copyright (c) 2016 Journal of Economics Library
http://creativecommons.org/licenses/by-nc/4.0 |
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