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adjustment dynamics in line with the historical facts on savings and economic growth in Europe from the High Middle Ages to today …. Along a virtuous cycle of development more wealth leads to more patience, which leads to more savings and even higher wealth …. Savings rates and income growth rates are thus jointly increasing during the process of development until they converge …
Persistent link: https://www.econbiz.de/10010270036
-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tighening of …
Persistent link: https://www.econbiz.de/10010500212
Sparquote zu. Außerdem beeinflußt die Art der sozialen Sicherung die Höhe der Sparquote. Selbständigen-Haushalte sparen einen …Seit geraumer Zeit geht die gesamtwirtschaftliche Sparquote in Deutschland zurück. Ursächlich dafür sind vor allem die … Lebenshaltungskosten. Hinter der gesamtwirtschaftlichen Sparquote steht eine beträchtliche Streuung. Mit dem Einkommen nimmt auch die …
Persistent link: https://www.econbiz.de/10010260715
We demonstrate, using a simple two - period equilibrium model of the economy, the potential effects of extreme event occurrences - such as natural or humanitarian disasters - on economic growth over the medium - to long - term. In particular, we focus on the effect of such shocks on investment....
Persistent link: https://www.econbiz.de/10010392509
-migrant. Although migrants lose their original social networks whilst overseas, savings and human capital accumulation acquired abroad …
Persistent link: https://www.econbiz.de/10010269590
This paper analyses macroeconomic aspects of exit from aid-dependence. By 'exit from aid', we mean substantial and enduring decline over time in Official Development Assistance (ODA) as a share of Gross Domestic Product (GDP). The relevant macroeconomic variables are identified by systematically...
Persistent link: https://www.econbiz.de/10010293266
This paper aims to investigate the relationship between financial liberalization on the one hand and saving, investment and economic growth on the other hand, using a new dataset for measuring financial liberalization for a sample of 25 developing economies over the period 1973-96. We find no...
Persistent link: https://www.econbiz.de/10010284781
In recent years there has been considerable variation in savings patterns across countries and regions, with … at the empirical drivers behind these trends. It uses a reduced-form model that relates private savings to a set of … savings in these economies. Looking ahead, the prospective population aging is likely to lead to a considerable fall in saving …
Persistent link: https://www.econbiz.de/10011604888
Persistent link: https://www.econbiz.de/10011807567
This paper analyzes the interaction between intergenerational wealth transmission, human capital investments under uninsurable labor income risk, and economic growth in a small open overlapping-generations economy with heterogeneous agents. It demonstrates how the role of the personal income...
Persistent link: https://www.econbiz.de/10010261651