Showing 1 - 10 of 2,115
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 …
Persistent link: https://www.econbiz.de/10011324959
In this paper, we show that Adam Smith pointed out the existence of the Feldstein-Horioka Paradox or Puzzle and even gave an explanation for it more than 200 years before the publication of Feldstein and Horioka (1980). Smith argues that it is the pursuit of their own security that leads owners...
Persistent link: https://www.econbiz.de/10010332269
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 …
Persistent link: https://www.econbiz.de/10010284781
This paper focusses on the reasons of the poor performance of domestic resource mobilization in Peru. It begins with an … analysis of the structure of domestic savings and its changes in the course of economic development (Section II) . After the …
Persistent link: https://www.econbiz.de/10010275545
The principle aims to be achieved by financial liberalization in financially repressed developing countries are to increase the volume of investments and to improve their allocative efficiency. The theoretical and empirical literature stresses the importance of raising real interest rates in...
Persistent link: https://www.econbiz.de/10010275544
We investigate the returns to capital and capital accumulation using panel data of Peruvian micro enterprises (MEs). Marginal returns to capital are found to be very high at low levels of capital, but rapidly decreasing at higher levels. The dynamic analyses of capital accumulation in MEs...
Persistent link: https://www.econbiz.de/10010289847
understood. The authors use data from Peru to analyze the determinants of within-industry share of skilled workers. They use a …
Persistent link: https://www.econbiz.de/10010397628
Sparquote zu. Außerdem beeinflußt die Art der sozialen Sicherung die Höhe der Sparquote. Selbständigen-Haushalte sparen einen … Abschluß von Lebensversicherungen treffen. (Nichtbeamtete) Arbeitnehmer dagegen sparen einen Teil ihres Einkommens nicht …In recent years the aggregate savings ratio in Germany has declined. The basic causes are, above all, the rise in …
Persistent link: https://www.econbiz.de/10010260715
The paper seeks to add to the existing literature on aggregate and private savings by focusing on transition economies …, aggregate and private savings are driven by almost the same forces – this is the central focus of the paper. The most important …
Persistent link: https://www.econbiz.de/10010260767
We find that inflation did not unanimously decrease savings in the US during the postwar period. This result is …
Persistent link: https://www.econbiz.de/10010261403