ON GAINS FROM INTERNATIONAL INVESTMENT IN A CONTEXT OF GROWTH

Date

1978

Author

Togan, Sübidey

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Using a two - country and one commodity model of international investment it is shown that international investment makes both countries potentially better off in the long run, as long as the constant saving propensities in the two countries have different values. Consideration of optimal accumulation policies in the international economy reveal that the optimal value of the savings ratio in the home country depends on the value of the savings ratio in the rest of the world and on the size of the home country in the world economy.

URI

https://hdl.handle.net/11511/110872

Collections

Department of Economics, Article