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- Title
A PERMANENT INCOME APPROACH TO THE GROWTH OF INCOME BY SECTORS IN A LEONTIEF ECONOMY.
- Authors
Tarr, David G.
- Abstract
This article examines the permanent income approach to the income growth by sectors in a Leontief economy. Description of the model design. Derivation of the condition for the existence of a balanced growth path of sectoral income and its relative stability. Effect of a change in consumption behavior on existence and relative stability. Factor discussing the motivation by the permanent income theory of consumption.
- Subjects
INCOME; ECONOMIC sectors; ECONOMIC stabilization; CONSUMPTION (Economics); ECONOMIC development; BEHAVIOR
- Publication
Quarterly Journal of Economics, 1975, Vol 89, Issue 1, p145
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1881716