In economics, putty-putty describes an attribute of capital in financial models. Putty-putty capital can be transformed from flexible capital into durable goods then back again.[1] This contrasts with putty-clay capital which can be converted from flexible capital into durable goods but which cannot then be converted back into re-investable capital.[2]
.jpg)
External links
editReferences
edit- ^ "Putty-Clay Model - an overview | ScienceDirect Topics". www.sciencedirect.com. Retrieved 2021-10-23.
- ^ Hu, Sheng Cheng (1972). "Putty-Putty Versus Putty-Clay: A Synthesis". International Economic Review. 13 (2): 324–341. doi:10.2307/2526028. ISSN 0020-6598. JSTOR 2526028.
 | This economics-related article is a stub. You can help Wikipedia by expanding it. |