Sinha, Tapen; Sinha, Dipendra - In: Estudios Económicos 13 (1998) 1, pp. 57-72
In the long run, the present value of current account balance can not grow indefinitely large without precipitating in a macroeconomic crisis. This simple insight produces an econometrically testable relationship between saving and investment. We use data for four countries, which belong to the...