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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
creating alternative savings instruments are likely to have the biggest impact on consumption. Other mechanisms to raise …
Persistent link: https://www.econbiz.de/10014402810
China’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U … transitory variance that rises sharply. A calibration of a buffer-stock savings model indicates that rising savings rates among … and pension reforms can account for over half of the increase in the urban household savings rate in China since the mid …
Persistent link: https://www.econbiz.de/10014403089
general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility … mobility is high in China, a low fertility rate implies more future capital outflows. But if capital is less mobile, low … fertility today lowers the domestic return to capital and raises the domestic return to labor. In addition, the paper finds no …
Persistent link: https://www.econbiz.de/10014404019
The previous literature points to a high correlation between domestic rates of investment and savings among OECD … investment on the rate of domestic savings is statistically insignificant most of the time and generally smaller than 0.3 for any …
Persistent link: https://www.econbiz.de/10014400839
so by analyzing Pakistan''s National Savings Scheme (NSS). The NSS has a number of unusual attributes, and its impact …
Persistent link: https://www.econbiz.de/10014401731
Tax or debt financing of a given rate of government expenditures would, according to the now well-known Ricardian Equivalence proposition, have equivalent effects on aggregate demand. Among the reasons for a deviation from the equivalence is the possibility that the government and the private...
Persistent link: https://www.econbiz.de/10014396483
This paper examines the relationship between temporary terms of trade shocks and household saving in developing countries. It is first shown that, from a theoretical standpoint, this relationship is ambiguous: private saving may rise or fall in response to a transitory terms of trade shock,...
Persistent link: https://www.econbiz.de/10014398110
Mobilization of national saving is an important determinant of investment and growth. It assumed greater importance in the case of the Iranian economy, given the difficult external environment. This paper discusses the recent saving performance of the Iranian economy, particularly in relation to...
Persistent link: https://www.econbiz.de/10014398377
The impact of changes in real interest rates on saving and growth is a central issue in development economics. According to one familiar view, a financial liberalization program which increases real interest rates should encourage saving, thereby boosting investment and growth. While such...
Persistent link: https://www.econbiz.de/10014398724