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Opinion over the global implications of China‘s rise is divided between critics, who see it as having developed at the … of trade and reductions to the cost of financing that stem from China‘s supply of light manufactures, its demand for … Western capital and luxury goods and its high saving. The criticism implies Keynesian assumptions while proponents take a …
Persistent link: https://www.econbiz.de/10010904270
Opinion over the global implications of China's rise is divided between critics and proponents. Critics see it as … improvements in the terms of trade and reductions to the cost of financing that stem from China's supply of light manufactures, its … demand for Western capital and luxury goods and its high saving. The criticism implies Keynesian assumptions while proponents …
Persistent link: https://www.econbiz.de/10011263546
China has had a remarkably high ratio of investment to output throughout the period of economic reform, surpassing … determinant of China's high rate of economic growth.  This survey paper gathers together the available evidence to explain why … which have kept it up.  It draws on the literature to explain the high saving rate, and considers why the imperfect capital …
Persistent link: https://www.econbiz.de/10004982010
This paper, through simulating an open economy model of China, investigates whether the current rate of saving in China …; in fact, it is negative. Thus, to justify China's current rate of saving, the social planner would have to put a higher …. This suggests that the current rate of saving in China is excessive. …
Persistent link: https://www.econbiz.de/10005050720
find that China's growth is positively affected by saving but has a limited effect on saving, that inequality mainly has a … explaining high saving. Therefore, inequality must be mitigated to lower the high saving rate in China, and growth will be …China's fast growth is perceived as a major determinant of its savings glut that contributes to global imbalances, but …
Persistent link: https://www.econbiz.de/10010738018
catch-up parameters, we find an investment and a saving puzzle: regions that caught up relative to the rest of China seem to …While China has been pivotal in discussions and academic research on global imbalances, little is known about … the regional level inside China. We follow up by identifying the drivers of this pattern using the methodology developed …
Persistent link: https://www.econbiz.de/10010817240
-going transition from export led growth. These alter China’s structural imbalance (its excess product supply and excess saving …
Persistent link: https://www.econbiz.de/10011171539
While earlier empirical studies found a negative saving effect of old-age dependency rates without considering … determining saving and growth by using a growth model that encompasses both neoclassical and endogenous growth models as special …
Persistent link: https://www.econbiz.de/10009479534
This paper estimates the interdependencies between capital formation, saving and output for Iran. The analysis is … output, saving and investment for the period of our study, 1960 to 2003. The analysis uses Lee and Strazicich (2004 …) procedure to endogenously determine that structural breaks occurred in 1979 for real output, 1983 for saving and 1977 for …
Persistent link: https://www.econbiz.de/10009457480
Zusammenfassung: In diesem Beitrag wird untersucht, wie private Haushalte auf Niedrig- bzw. Nullzinsen reagieren. Dabei wird angenommen, dass die Haushalte sich an Nominalwerten orientieren. Die stark expansive Geldpolitik mit sehr geringen Zinsen verzerren die Ersparnisbildung und die...
Persistent link: https://www.econbiz.de/10014630889