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