We study the negative correlation between natural resource-abundance and long-term income focusing on the savings-investment … the issue. In this model, savings adjust downwards to income from natural resources, and investment in capital contributes … income through savings and investment. Natural resources have two counteracting effects on income. In the short term …

This paper aims to investigate the relationship between financial liberalization on the one hand and saving, investment … investment (although there are some signs to believe that liberalization may actually reduce rather than increase domestic saving …), whereas it is positively associated with private investment, as well as with per capita GDP growth. We find a negative …

Previous studies argued that low investment-cash flow sensitivities of German firms may be caused by dominance of … panel data approach show that the dependence of investment spending on internal funds does not significantly differ between … firms attached to savings banks, cooperative banks or commercial banks. Thus, the importance of the public banking sector in …

We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow. …

their individual savings rates by age. Using unique data from China that enable the re-construction of whole families and … some countries the savings rates of these age groups exceed those of the middle-aged contrary to the standard model of life …-cycle savings. In this paper we examine the role of housing prices in affecting the living arrangements of adult family members and …

. However most studies have ignored investment as one main determinant. In the famous Lewis? model, the savings of farm …, China has enjoyed high saving rates. However, in the late 1990s the saving rates rose to such a high level, therefore the … economic policy to promote consumption in order to reduce savings was suggested,. This paper attempts explains this paradox of …

continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and …