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In the aftermath of its long-standing civil war, Sri Lanka is keen to reap the social and economic benefits of peace. Even in the middle of civil conflict, the country was able to grow at rates that surpassed those of its neighbors and most developing countries. It is argued, then, that the...
Persistent link: https://www.econbiz.de/10012974727
Private savings play a pivotal role in financing development and sustaining growth. Recently, there have been many … theoretical developments that underpin key determinants of savings behavior, many of which merit empirical investigation …. Understanding the dynamics of the determinants of savings is crucial to inform economic policy and devise reform programs. This …
Persistent link: https://www.econbiz.de/10012959137
estimates the association between changes in the share of working-age population with per capita growth, savings, and poverty … gross domestic product per capita growth by more than one percentage point, with similarly positive effects on savings and …
Persistent link: https://www.econbiz.de/10012968199
A widely shared view holds that there is no policy-exploitable causal connection from saving to growth because domestic saving is fully endogenous, optimally determined, or substitutable by foreign saving. Yet, abandoning these assumptions, which are questionable in the real world of frictions,...
Persistent link: https://www.econbiz.de/10012971285
This paper analyzes and reconciles macro and micro evidence on savings and factors that affect savings, as well as … possible policy implications. At the aggregate level, the main question is how savings are affected by growth and macroeconomic … determinants can be reconciled with microeconomic evidence of the savings behavior of households. Using macroeconomic quarterly …
Persistent link: https://www.econbiz.de/10012974165
This study illustrates the mechanisms linking national saving and economic growth, with the purpose of understanding the possibilities and limits of a saving-based growth agenda in the context of the Egyptian economy. This is done through a simple theoretical model, calibrated to fit the...
Persistent link: https://www.econbiz.de/10012976208
This paper analyzes the macroeconomic implications of population aging in Brazil. Three alternative yet complementary methodologies are adopted, and depending on policy responses to the fiscal implications of aging, there are two main findings: First, saving rates could increase and not...
Persistent link: https://www.econbiz.de/10012976226
savings and credit products as well as digital finance. The paper's findings complement recent policy initiatives such as the …
Persistent link: https://www.econbiz.de/10012837586
This study investigates the impact of key business environment indicators on productivity, innovation, and growth in Sri Lanka through a cluster-level productivity analysis, a firm-level total factor productivity analysis, and a firm-level innovation analysis. For the cluster-level productivity...
Persistent link: https://www.econbiz.de/10012974633
investment and savings rates will be needed to sustain growth rates of 8 percent even when accompanied by a significant rise in …
Persistent link: https://www.econbiz.de/10012975001