technology of private investment. Government policies that discourage saving might make the Schumpeterian vision of a shift from …

investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving …

features of the world at present are the low rates of investment and growth in some of the richest countries, whose surpluses … account for about half of the US deficit. The result is that financial capital is flowing out of countries with low investment …

We propose an empirical implementation of the consumption-investment problem using the martingale representation … simplifies the investor's task of specifying the investment opportunity set and inherits the computational convenience of the … and probabilities, which generate variation in consumption, and the consumption smoothing induced by risk aversion. Using …

specialized in the source country. Consequently, FDI investors would make investment, both larger, and of higher quality (namely … the domestic investment and output growth regressions relative to the portfolio equity flow and international loan … coefficients, reflect a more significant role for FDI in the domestic investment process than other types of capital inflows …

The persistence of high savings-investment correlations and home-country bias in portfolio construction at the national … significant correlation between national savings and investment, among provinces that effect disappears. We discuss the …

change suggest likelyquot; implications for future saving, investment, and international capital flows.quot …