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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
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
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
by comparing its GDP components and its saving and investment performance with those of 10 faster-growing countries. The … study finds that sluggish investment has undermined growth since 1996 and that the underinvestment is in part explained by … limited saving. Thus, over the last decade, interactions between investment, saving, and production may have perpetuated slow …
Persistent link: https://www.econbiz.de/10014403913
reallocated from the private to the public sectors, reducing investment and deepening the recessions even further. To account for …. This implies that domestic debt purchases displace productive investment. The model shows that these purchases reduce …
Persistent link: https://www.econbiz.de/10014394354