This paper calculates the levels of optimal national saving, investment, and the current account balance for five Asian … economies—Hong Kong SAR, Japan, Singapore, Malaysia, and the Philippines—for the period 1997–2050 using a simulation approach …

direct investment is also substantial. We explain these features in terms of a conventional neoclassical growth model-with no …

We study the effects of permanent and temporary income shocks on precautionary saving and investment in a ""store … investment, or a ""volatility trap."" Namely, big savers invest relatively little. In contrast, low volatility of permanent … shocks leads to low precautionary saving and high or low investment, depending on the volatility of temporary shocks …

. At the same time, higher gross corporate saving have not supported a commensurate increase in fixed capital investment …

Domestic savings and investment are positively correlated across countries and through time, as Feldstein-Horioka (FH … relationship is causal: an exogenous rise in savings increases investment. This result holds in the full sample of countries and … endogeneity bias. The core of our identification strategy relies on the idea that population age structure influences savings, but …

account, driven by an initial, sharp decline in investment and fueled by medium term deleveraging, more so in advanced …