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Why isn't South Africa Growing Faster? : A Comparative Approach

Eyraud, Luc - 2009

The purpose of this paper is to examine factors that have constrained South Africa''s growth since the end of apartheid by comparing its GDP components and its saving and investment performance with those of 10 faster-growing countries. The study finds that sluggish investment has undermined...

Persistent link: https://www.econbiz.de/10014403913

Economic Implications of China's Demographics in the 21st Century

Cheng, Kevin C. - 2003

This study assesses the economic implications of China''s changing population in the 21st century using a numerical general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility rates reduce the future supply of labor, capital will...

Persistent link: https://www.econbiz.de/10014404019

After the Crisis : Lower Consumption Growth But Narrower Global Imbalances?

Ohnsorge, Franziska - 2010

relative rise of the U.S. savings rate is helping narrow global imbalances. But with a likely earlier recovery in the U …

Persistent link: https://www.econbiz.de/10014404335

Sovereign Debt Markets in Turbulent Times : Creditor Discrimination and Crowding-Out

Broner, Fernando - 2013

In 2007, countries in the Euro periphery were enjoying stable growth, low deficits, and low spreads. Then the financial crisis erupted and pushed them into deep recessions, raising their deficits and debt levels. By 2010, they were facing severe debt problems. Spreads increased and,...

Persistent link: https://www.econbiz.de/10014394354

Dissecting Saving Dynamics : Measuring Wealth, Precautionary, and Credit Effects

Carroll, Christopher - 2012

We argue that the U.S. personal saving rate’s long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious ‘buffer stock’ model of optimal consumption in the...

Persistent link: https://www.econbiz.de/10014395705

Optimal Fiscal Policy and Government Provision of Contingent Liabilities : The Example of Government Loan and Deposit Guarantees

International Monetary Fund - 1989

The optimal provision of loan guarantees or deposit insurance is examined in the context of an overlapping generations model. It is demonstrated that even in the face of a market imperfection that precludes diversification of the private sector’s loan portfolio to eliminate risk, full...

Persistent link: https://www.econbiz.de/10014395814

Tax Policy and National Savings in the United States: A Survey

International Monetary Fund - 1988

This paper explores how tax policy affects the level and allocation of national savings in the United States. It argues … composition of savings and investment. The paper suggests various specific tax measures that would not only raise government … revenue but also enhance the efficiency of savings and investment …

Persistent link: https://www.econbiz.de/10014395849

Dependency Rates and Private Savings Behavior in Developing Countries

International Monetary Fund - 1988

A firm theoretical basis for the empirical relationship between dependency rates and savings behavior in developing …, and on the savings responsiveness to changes in the real interest rate …

Persistent link: https://www.econbiz.de/10014395881

Saving, Investment, Financial Integration, and the Balance of Payments

International Monetary Fund - 1989

This paper examines the extent of international financial integration, and its consequences for the current account. The evidence indicates that financial liberalization in the 1970s and 1980s has resulted in a substantial movement towards closer integration of world capital markets. By reducing...

Persistent link: https://www.econbiz.de/10014395900

National Savings and Targets for the Federal Budget Balance in the United States

International Monetary Fund - 1989

The U.S. national savings rate has declined in the 1980s, with both public and private components falling. This paper … discusses that decline and whether a policy response is needed. The drop in the private savings rate appears to reflect factors … national savings. Illustrative calculations based on two alternative frameworks indicate that a net national saving rate …

Persistent link: https://www.econbiz.de/10014395902