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strengthening in domestic savings and rise in domestic investment permanent, auguring well for accelerated growth within a … investment; and (3) the structural reforms implemented in Pakistan during the past four years should make the observed …, and by an acceleration of structural reforms to further improve productivity and the investment climate …
Persistent link: https://www.econbiz.de/10014400063
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
Persistent link: https://www.econbiz.de/10010479415
Persistent link: https://www.econbiz.de/10010479438
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 …
Persistent link: https://www.econbiz.de/10009615558
account, driven by an initial, sharp decline in investment and fueled by medium term deleveraging, more so in advanced …
Persistent link: https://www.econbiz.de/10012605536
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 …
Persistent link: https://www.econbiz.de/10012299319
and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts … China is to rebalance growth towards relying more on consumption and less on exports and investment, banking sector reforms …
Persistent link: https://www.econbiz.de/10014400153
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
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