and Vietnam. To examine the global implications of domestic growth patterns in Asia, I analyze saving-investment balances … region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment … growth rates for the key emerging markets and other developing economies in Asia. China has by far the lowest share of …

It is well understood that investment serves as a shock absorber at the time of crisis. The duration of the drag on … investment, however, is perplexing. For the nine Asian economies we focus on in this study, average investment/GDP is about 6 … between the sustained reserve accumulation and the persistent and significantly lower levels of investment in the region. Put …

savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and …

scarcity of saving in LATAM, thereby increasing investment and growth. Yet, the data and several case studies suggest that the … gains from external financing are overrated. The bottleneck inhibiting economic growth is less the scarcity of saving, and … saving and investment rates tends to be a time consuming process. This also suggests that greater political instability and …

neoclassical growth model. Investment rates and total factor productivity start out low and rise over time. These model dynamics …

the new recognition among Western economists that the sustained, very rapid growth in China and Southeast Asia was …This paper, divided into seven sections, considers the development of economic growth theory in light of the … spectacular advances of the economies of China, India, and Southeast Asia. Section 1 reviews the debate over the sources of …

We formulate a version of the growth model in which production is carried out by heterogeneous plants and calibrate it …

investment has a strong association with growth: over l9&)?l95 each percent of GDP invested in equipment is associated with an … higher equipment investment drives faster growth, and that the social return to equipment investment in well functioning … increase in GDP growth of 1/3 a percentage point per year. This is a much stronger association than found between growth and …

The basic neoclassical growth model accounts well for the postwar cyclical behavior of the U.S. economy prior to the … 1990s, provided that variations in population growth, depreciation rates, total factor productivity, and taxes are … by introducing intangible investment and non-neutral technology change with respect to producing intangible investment …