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so by analyzing Pakistan''s National Savings Scheme (NSS). The NSS has a number of unusual attributes, and its impact … upon the economy of Pakistan is not clear, but given Pakistan''s chronic fiscal difficulties, the NSS is of great …
Persistent link: https://www.econbiz.de/10014401731
the turnaround in Pakistan''s external current account during this period; (2) while Pakistan''s growth was mainly export … investment; and (3) the structural reforms implemented in Pakistan during the past four years should make the observed … strengthening in domestic savings and rise in domestic investment permanent, auguring well for accelerated growth within a …
Persistent link: https://www.econbiz.de/10014400063
tap into the pool of both public and private long-term savings in order to channel the latter into much needed …
Persistent link: https://www.econbiz.de/10011436772
Using cross-country national accounts and firm-level data, we document a broad-based trend in rising gross saving and net lending of non-financial corporates across major industrialized countries over the last two decades, though most pronounced in countries with persistent current account...
Persistent link: https://www.econbiz.de/10011978446
Building on the evolving literature on the topic, this paper reviews the relationship between demographics and long-run capital flows in both theory and in the data. For this purpose, we develop a two region overlapping generations model where countries differ in their population growth and...
Persistent link: https://www.econbiz.de/10011978549
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
China's high national savings rate-one of the highest in the world-is at the heart of its external/internal imbalances …. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad …. Today, high savings mostly emanate from the household sector, resulting from demographic changes induced by the one …
Persistent link: https://www.econbiz.de/10011978615
India's real GDP growth slipped substantially after the North Atlantic financial crisis. Return to a sustained high growth trajectory is feasible but it will need much more focused attention to the revival of manufacturing and to the acceleration of investment in transport and infrastructure....
Persistent link: https://www.econbiz.de/10011281932
Persistent link: https://www.econbiz.de/10010441743
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