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Persistent link: https://www.econbiz.de/10010524779
"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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, 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
"This paper asks whether new technological capacity for producing and exporting additional products provides incentives for greater capital accumulation, without being fully reflected in a higher rate of total factor productivity (TFP) growth. Using a highly disaggregated data set of each...
Persistent link: https://www.econbiz.de/10010522214
affect private investment. Then they describe their empirical framework, which is based on a vector autoregression (VAR …) model that accounts for flows and (quality-adjusted) stocks of public infrastructure, private investment, as well as changes … public infrastructure has both "flow" and "stock" effects on private investment in Egypt, but only a "stock" effect in Jordan …
Persistent link: https://www.econbiz.de/10010522539
"The author analyzes sectoral patterns of investment and saving in China-over time and compared with other countries …-to shed light on the factors driving high investment and on how saving is channeled into investment. The findings inform … several policy debates. Key findings include: (1) investment by enterprises distinguishes China from other countries and …
Persistent link: https://www.econbiz.de/10010522567
currently. The authors also derive a more general rule for sustainability--maintain positive constant genuine investment …
Persistent link: https://www.econbiz.de/10010522718