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China eventually becomes the world's saver and, thereby, the developed world's savoir with respect to its long-run supply of capital and long-run general equilibrium prospects. And, rather than seeing the real wage per unit of human capital fall, the West and Japan see it rise by one fifth by...
Persistent link: https://www.econbiz.de/10012467008
This paper examines whether the observed cross-country correlation between aggregate saving rates and economic growth can be explained by models in which higher growth increases saving rates, rather than the other way around. The paper focusses on two explanations of why growth might increase...
Persistent link: https://www.econbiz.de/10012473569
This paper analyzes the determinants of savings in the world economy, and discusses why saving ratios have been so … uneven across countries. A distinction is made between private and government savings, using panel data for 36 countries …, from 1970 to 1992. In particular, it is assumed that government savings are not completely exogenous, and respond to both …
Persistent link: https://www.econbiz.de/10012473790
This paper examines issues of household saving, growth. and aging in Taiwan. The Taiwanese patterns of high income growth, declines in fertility, and increases in life expectancy all have implications for life-cycle saving. We use data from fifteen consecutive household income and expenditure...
Persistent link: https://www.econbiz.de/10012474629
Models of endogenous economic growth can generate long-term growth without relying on exogenous changes in technology or population. A general feature of these models is the presence of constant or increasing returns in the factors that can be accumulated. I use some models of this type to study...
Persistent link: https://www.econbiz.de/10012476201
-investment balances, the composition of national savings, and the determinants of the evolution of household saving rates. During 2000 …. Corporate savings have surged across Asia during this period, becoming the main component of gross national savings in the … region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving …
Persistent link: https://www.econbiz.de/10012463480
developing countries and emerging markets. This suggests that the lack of domestic savings is not the primary constraint on …
Persistent link: https://www.econbiz.de/10012464595
innovation project, so local saving does not matter for growth. In our empirical exploration we show that lagged savings is … rather than through capital accumulation. Further, we show that savings is significantly associated with higher levels of FDI …
Persistent link: https://www.econbiz.de/10012466393
savings and investments were taxed in an arbitrary and unpredictable way, the credibility of a new regime could not be assumed …
Persistent link: https://www.econbiz.de/10012467540
savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and …
Persistent link: https://www.econbiz.de/10012460970