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This note clarifies definitions and derives from first principles the relationship between investment, domestic and foreign savings in order to show that there is underestimation of investment and foreign savings given conceptual macroeconomic definitions and Indian practice. Indian national...
Persistent link: https://www.econbiz.de/10009363928
Have age profiles of consumption and labor income in the Philippines changed from 1994 to 2002? What are the implications of the changes observed in the lifecycle patterns? The National Transfer Accounts (NTA) methodologies are applied to estimate the per capita age profiles of current...
Persistent link: https://www.econbiz.de/10009363527
The saving rate in Japan has declined rapidly. Analyzing the possible four factors that could affect the saving rate in general, compared with theoretical implications, the data suggest that all elements might have a negative impact on the saving rate during the late 90s and early 00s. Such a...
Persistent link: https://www.econbiz.de/10009363835
We examine a model in which the utility function has been engineered so that it is optimal for consumers to aim for a fixed target level of retirement resources. In this case consumption displays excess sensitivity to current income as well as perfect old age insurance. In an overlapping...
Persistent link: https://www.econbiz.de/10009365508
Multiple Pareto-rankable equilibria may obtain in an overlapping generations model where consumers save to reach a fixed target. Existence and uniqueness conditions are discussed. The model displays excess consumption sensitivity to current income and perfect old-age insurance.
Persistent link: https://www.econbiz.de/10009365528
largest sector of the economy, the agriculture sector contributes substantially to the growth process. Using a small CGE model … illuminate the greater effectiveness of agriculture trade liberalisation in promoting the overall growth process, given increased …
Persistent link: https://www.econbiz.de/10009363383
implications for economic development. Using National Accounts Statistics and cross-county data, we show that the growth of … services has been broad-based. We show that the growth of service sector employment is not simply disguised manufacturing … underscores the importance for India of continuing to invest in labour skills. We conclude that sustaining economic growth and …
Persistent link: https://www.econbiz.de/10009363516
growth. It is in this context that this paper takes a look at the current situation. …
Persistent link: https://www.econbiz.de/10009363520
-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that … association. Here we identify two waves of service sector growth, a first wave in countries with relatively low levels of per …
Persistent link: https://www.econbiz.de/10009363635
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