文章基本信息

标题：Piketty’s Capital-Income Theory Reconsidered for a Small Open Economy with Increasing Savings Rate
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作者：Yasunori Fujita
期刊名称：Open Journal of Statistics
印刷版ISSN：2161-718X
电子版ISSN：2161-7198
出版年度：2016
卷号：06
期号：01
页码：25-30
DOI：10.4236/ojs.2016.61004
语种：English
出版社：Scientific Research Publishing
摘要：Since Piketty offered a new view of capital/income ratio, numerous attempts have been made to examine the relationship between return on capital, economic growth and the capital/income ratio. This paper attempts to shed new light on this field. More precisely, following recent literatures that pay attention to dynamics of external balance sheets of countries, we examine if Piketty’s results for large countries are robust for a country that takes the world rate of return on capital as given and whose savings rate increases gradually from negative value. It is revealed that for such a country, (1) Kuznets curve is drawn and (2) capital/income ratio decreases in accordance with a rise in savings rate and return on capital.
关键词：Small Open Economy;Capital/Income Ratio;Kuznets Curve;Negative Savings Rate