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China is to rebalance growth towards relying more on consumption and less on exports and investment, banking sector reforms …This paper uses the standard one-sector neoclassical growth model to investigate why China''s consumption has been low … and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts …
Persistent link: https://www.econbiz.de/10014400153
This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...
Persistent link: https://www.econbiz.de/10011978553
. At the same time, higher gross corporate saving have not supported a commensurate increase in fixed capital investment …
Persistent link: https://www.econbiz.de/10011978446
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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
growth, investment, and savings for the period 1971-96, including through a growth accounting exercise, shows that increasing … long-run growth requires improvements in both investment and domestic savings. In the past, the Arab region’s growth was …
Persistent link: https://www.econbiz.de/10014403299
Italy and provinces in Canada. Analyzing saving-investment correlations, and developing as well as fitting to the data a …
Persistent link: https://www.econbiz.de/10014403500
financial liberalization on domestic investment and savings, the current account balance and the real exchange rate, both when …
Persistent link: https://www.econbiz.de/10014403509