Private savings : ultrarationality, aggregation, and "Denison's Law"

The article examines the behavior of the ratio of gross private saving to gross national product--the gross private savings rate or GPSR--for the United States during the period 1898-1969. It emerges that the GPSR defined to include consumer durables expenditures and the imputed return on durables h...

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Bibliographic Details
Main Authors: David, Paul A, Scadding, John L
Format: Book
Published: Chicago, Ill. University Chicago Press March-April 1974
Series:Journal of Political Econony n. 2, Part 1
Subjects: