Global Investment—Saving Balance
The article analyzes the investment—saving balance in developed and developing countries and groups of countries. Main determinants of investment and saving decisions of different economic agents are derived from well-known theoretic papers. The analysis of pre-crisis investment—saving balance is performed with a focus on specific role of USA and China in the global financial intermediation system. A crisis shift in US households’ saving behavior is revealed, and it is treated as an additional source of financing American deficits. Maintenance of high personal saving rate of US households is considered to be the key factor to support post-crisis growth.
Year of publication: |
2011
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Authors: | GRIGORIEV, L. ; A. IVASHCHENKO. |
Published in: |
VOPROSY ECONOMIKI. - N.P. Redaktsiya zhurnala "Voprosy Economiki". - Vol. 6.2011
|
Publisher: |
N.P. Redaktsiya zhurnala "Voprosy Economiki" |
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