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currently. The authors also derive a more general rule for sustainability--maintain positive constant genuine investment …
Persistent link: https://www.econbiz.de/10010522718
"Murphy and Musalem conduct an empirical study of the effect of the accumulation of pension fund financial assets on national saving using a panel of 43 industrial and developing countries. The authors find evidence suggesting that the accumulation of pension fund financial assets might increase...
Persistent link: https://www.econbiz.de/10010522924
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"Oil and mineral revenues raise national savings and hence facilitate investment, capital accumulation, and sustained …
Persistent link: https://www.econbiz.de/10011394146
"The debate over the curse of natural resources has haunted developing countries for decades if not centuries. A review of existing empirical evidence suggests that the curse remains elusive. The fragile negative effect of natural resources on economic growth might be due to international...
Persistent link: https://www.econbiz.de/10010520993
, land-related investment, and rental market participation and yielded benefits significantly above the cost of …
Persistent link: https://www.econbiz.de/10010520995
"This paper investigates how China's saving, investment, and saving-investment balance will evolve in the decades ahead …, cross-country empirical analysis shows that economywide saving and investment in China are higher than what would be …-saving and investment would both decline only mildly in the coming two decades, with ambiguous impact on the current account …
Persistent link: https://www.econbiz.de/10010522104