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"In this paper the authors reconsider the idea of an earnings-related pension system with reserves invested in indexed government bonds as a mechanism to both ensure financial sustainability and improve security. They start by reviewing the characterization of the sustainable rate of return of...
Persistent link: https://www.econbiz.de/10010522096
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"This paper investigates how China's saving, investment, and saving-investment balance will evolve in the decades ahead …, cross-country empirical analysis shows that economywide saving and investment in China are higher than what would be …-saving and investment would both decline only mildly in the coming two decades, with ambiguous impact on the current account …
Persistent link: https://www.econbiz.de/10010522104
"The author analyzes sectoral patterns of investment and saving in China-over time and compared with other countries …-to shed light on the factors driving high investment and on how saving is channeled into investment. The findings inform … several policy debates. Key findings include: (1) investment by enterprises distinguishes China from other countries and …
Persistent link: https://www.econbiz.de/10010522567
. The study was funded by the Bank's Research Support Budget under the research project "Contractual Savings Institutions …
Persistent link: https://www.econbiz.de/10010522924
inclusive Gross Domestic Product (GDP) growth. Modest investment rates despite attractive returns and low savings rates despite … inclusive growth, with special emphasis on the issues of savings and investment … environment is estimated at 3.5 percent. In light of South Africa's low national savings, the reemergence of high current account …
Persistent link: https://www.econbiz.de/10012247553
The Millennium Ecosystem Assessment, the first global assessment of the state of the world's ecological health, published in March 2005, identified global fisheries as one of fi ve global systems in critical condition. This paper is one of many studies that show how on local, regional, and...
Persistent link: https://www.econbiz.de/10012560975
"This paper asks whether new technological capacity for producing and exporting additional products provides incentives for greater capital accumulation, without being fully reflected in a higher rate of total factor productivity (TFP) growth. Using a highly disaggregated data set of each...
Persistent link: https://www.econbiz.de/10010522214