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question of the role that the governments should play in mobilizing savings to ensure a high growth rate must be addressed …. This paper argues that the issue of a good allocation of savings must precede that of mobilization. Much evidence suggests … the institutional changes that will be necessary to ensure a better allocation of savings …
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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....
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We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious 'buffer stock' model of optimal consumption in the presence...
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tap into the pool of both public and private long-term savings in order to channel the latter into much needed …
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