The Role of Household Saving in the Economic Rise of China

The saving rate in China is high by historical and international norms. The high saving rate has funded capital accumulation which in turn has been the primary driver of China's economic growth. We review the evidence on Chinese household saving and conduct a small study to assess the importance of the precautionary motive for saving.

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Year of publication:	2013-04
Authors:	Lugauer, Steven ; Mark, Nelson C.
Institutions:	Hong Kong Institute for Monetary Research (HKIMR), Government of Hong Kong
Subject:	Household Saving \| Precautionary Motive \| China

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 042013 24 pages
Classification:	E21 - Consumption; Saving ; F42 - International Policy Coordination and Transmission
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010826801