implementation of the infrastructure investment program, higher domestic saving, and structural reforms. … dividend of a rapidly expanding labor force is fading and further structural declines in unemployment are likely to be limited …

encouraging accelerated bank lending for domestic investment. The public sector has been kept on a fiscally sustainable course. In …

evidence that fiscal policy has been procyclical and has hence exacerbated the fluctuations in economic activity. In addition …

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 …

This paper reviews the literature on factors which affect saving and capital formation in industrialized countries …. Problems of measurement are briefly examined. Evidence of the effect on the rate of saving of real rates of return, income … redistribution, allocation of saving between corporations and individuals, growth of public and private pension plans, tax incentives …

This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over …

among the factors that have contributed most to delaying the private sector’s investment response and preventing a …