Ganioglu, Aytul; Yalcin, Cihan - Türkiye Cumhuriyet Merkez Bankası - 2013
Standard neoclassical growth models assume that foreign savings are perfect substitutes of domestic savings in …-investment gaps, if not domestic savings themselves, may explain to some extent the divergence of growth rates among countries. We … their capital by domestic savings in the 2000s when international financial integration has intensified and there has been a …