Doucouliagos, Hristos; Paldam, Martin - School of Economics and Management, University of Aarhus - 2005
, investments, savings
Acknowledgement: Our cooperation was supported by the Aarhus University Research Foundation. Pia Wich …
I
P
, I
G
Private and public (gross) investments, i = I/Y
a)
I = I
P
+ I
G
S
P
, S
G
Private and public savings … actually financed by H, and “a” for the marginal
activity due to H. The change in investments must be financed by a change in …