You are not logged in.

Should we save or should we consume? Linking growth theories and the Keynesian models

Kwok, Yun-kwong 2004, Should we save or should we consume? Linking growth theories and the Keynesian models, in Economic Education Conference : what we teach and how we teach it, perspectives on economics from around the globe, [University of South Australia], [Adelaide, SA], pp. 1-20.

Attached Files
Name Description MIMEType Size Downloads

Title Should we save or should we consume? Linking growth theories and the Keynesian models
Author(s) Kwok, Yun-kwong
Conference name Economic Education Conference (2004 : Adelaide, South Australia)
Conference location Adelaide, SA
Conference dates 13-16 July 2004
Title of proceedings Economic Education Conference : what we teach and how we teach it, perspectives on economics from around the globe
Editor(s) [Unknown]
Publication date 2004
Conference series Economic Education Conference
Start page 1
End page 20
Publisher [University of South Australia]
Place of publication [Adelaide, SA]
Keyword(s) neoclassical growth theory
Keynesian theories
medium run adjustment
Summary In major economic growth theories, high saving rate gives rise to high level of output per capita. But in Keynesian economics, high saving rate causes low consumption and will lead the economy into recession. Students may ask, "For the well-being of an economy, should we save or should we consume?" In most of the intermediate macroeconomics textbooks, economic growth and Keynesian economics are taught in separate chapters; and in many cases, these chapters are not even successive to each other. There lacks a continuity between the long run and short run models. This paper builds a bridge between growth theories and Keynesian models. It links the Solow diagram and the IS-LM curves and depicts the short run and long run implications of a change in the saving rate.
Language eng
Field of Research 140102 Macroeconomic Theory
Socio Economic Objective 970114 Expanding Knowledge in Economics
HERDC Research category E1 Full written paper - refereed
ERA Research output type E Conference publication
Persistent URL http://hdl.handle.net/10536/DRO/DU:30005331

Document type: Conference Paper
Collection: School of Accounting, Economics and Finance
Connect to link resolver
 
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Versions
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 0 times in TR Web of Science
Scopus Citation Count Cited 0 times in Scopus
Google Scholar Search Google Scholar
Access Statistics: 397 Abstract Views, 0 File Downloads  -  Detailed Statistics
Created: Mon, 07 Jul 2008, 09:48:22 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.