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This paper analyzes the determinants of savings in the world economy, and discusses why saving ratios have been so … uneven across countries. A distinction is made between private and government savings, using panel data for 36 countries …, from 1970 to 1992. In particular, it is assumed that government savings are not completely exogenous, and respond to both …
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This paper analyzes the determinants of savings in the world economy, and discusses why saving ratios have been so … uneven across countries. A distinction is made between private and government savings, using panel data for 36 countries …, from 1970 to 1992. In particular, it is assumed that government savings are not completely exogenous, and respond to both …
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