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This paper shows how growth and demography, two important determinants of the savings rate in the life-cycle approach …, explain a large part of the diversity in savings behavior in Asia across eight countries as well as over time. Inflation and … save. The paper also finds evidence in favor of the error-correction formulation under which the savings rate varies …
Persistent link: https://www.econbiz.de/10014396475
This paper extends recent work by Feldstein and Horioka (1980) and Bayoumi (1990), and examines saving-investment … non-EMS countries. It is seen that the EMS countries exhibit much lower saving-investment correlations than their non …
Persistent link: https://www.econbiz.de/10014396141
, the limited tools available to policymakers to affect savings are discussed. Finally, the extent to which recent tax …
Persistent link: https://www.econbiz.de/10014396192
This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over …
Persistent link: https://www.econbiz.de/10014396226
among the factors that have contributed most to delaying the private sector’s investment response and preventing a …
Persistent link: https://www.econbiz.de/10014396459
closer integration of world capital markets. By reducing constraints on international capital flows, this movement makes the …
Persistent link: https://www.econbiz.de/10014395900
investment for Kuwait under uncertainty. The results show that in the face of high oil income volatility and the expected decline … is room to increase investment spending, which should contribute to the growth of the tradable sector, as the projected … investment rate is lower than the optimal investment rate of 20 percent of government income. …
Persistent link: https://www.econbiz.de/10011242728
This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital acquisition. We use the standard system GMM approach as well as...
Persistent link: https://www.econbiz.de/10014396933
increases (on tradable or nontradable goods) may raise or lower the world return on internationally traded bonds and may improve …
Persistent link: https://www.econbiz.de/10014396165
implementation of substantial structural reforms, in particular the authorities’ planned reforms in labor markets, the investment …
Persistent link: https://www.econbiz.de/10011244994