Cavallo, Eduardo Alfredo; Bebczuk, Ricardo N. - Inter-American Development Bank - 2014
This paper investigates the relevance of business saving for private saving and investment around the world by … estimation, it is found find that a $1 increase in business saving gives rise to a decrease of only $0. 28 in household saving …. The non-neutrality of business saving is further confirmed by results showing that higher business saving is significantly …