technology of private investment. Government policies that discourage saving might make the Schumpeterian vision of a shift from … sharp decline in the net national saving rate-from over 8% of GDP in the U.S. in the 1970s to only 4.5% in the 1980s & from …

investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving …This paper shows that general equilibrium effects can partly rationalize the high correlation between saving and …

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 …

post-OPEC period 1974-79 imply that each extra dollar of domestic saving increases domestic investment by approximately 85 … investment in response to a sustained increase in domestic saving is likely to be substantially greater than the ultimate steady … increases in domestic savings rates induce approximately equal increases in domestic rates of investment. New estimates for the …

developing countries, and higher after 1973 than before. Our interpretation of the saving-investment evidence is that the …The finding of Feldstein and Horioka (1980) that countriesf investment rates are highly correlated with their national … saving rates has by now been confirmed by many subsequent studies, even though their inference that international capital …

stock of tangible capital supported by actual past domestic saving, relative to the actual stock of capital. We use the …

between current accounts, budget deficits, investment rates and transitory output shocks. It is argued that such a model could … savings rate on the investment rate, as performed in the literature, are shown to be incorrect tests of the hypothesis of … important role of fiscal deficits in the determination of the current account and the saving behavior …

international capital flows or, equivalently, between domestic saving rates and domestic investment. The basic conclusion of the … present analysis is that an increase in domestic saving has a substantial effect on the level of domestic investment although … no support for the view that the estimated saving-investment relation reflects a spurious impact of an omitted economic …

Foreign direct investment (FDI) is observed to be a predominant form of capital flows to low and middle income … productive investment in the presence of asymmetric information between the managing owners of firms and other portfolio … stakeholders. We emphasize the crucial role played by FDI in sustaining equity-financed capital investment for economies plagued by …