Overland, Jody; Carroll, Christopher D.; Weil, David N. - In: American Economic Review 90 (2000) 3, pp. 341-355
Saving and growth are strongly positively correlated across countries. Recent empirical evidence suggests that this … correlation holds largely because high growth leads to high saving, not the other way around. This evidence is difficult to … reconcile with standard growth models, since forward-looking consumers with standard utility should save less in a fast …
