Mehlum, Halvor; Torsvik, Ragnar; Valente, Simone - Økonomisk institutt, Universitetet i Oslo - 2013
China's growth is characterized by massive capital accumulation, made possible by high and increasing domestic savings …. In this paper we develop a model with the aim of explaining why savings rates have been high and increasing, and we … investigate the general equilibrium effects on capital accumulation and growth. We show that increased savings and capital …