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Savings, Growth and Capital Markets Imperfections : The Case of Borrowing Constraints
de Gregorio, Jose - 2006
This paper studies the effects that borrowing constraints have on savings and growth and argues that, though they … increase savings, their effect on growth is ambiguous. Empirical evidence on the extent of borrowing constraints as well as … savings, investment, human capital accumulation and growth performance for industrialized countries is presented. A simple …
Persistent link: https://www.econbiz.de/10012781729
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Saving and Growth Under Borrowing Constraints Explaining the 'High Saving Rate' Puzzle
Wen, Yi - 2010
This paper shows that uninsured risk and borrowing constraints can make an individual's marginal propensity to consume negatively dependent on his/her permanent income. Therefore, higher income growth can lead to higher saving rates without requiring (or causing) high interest rates – in sharp...
Persistent link: https://www.econbiz.de/10013150935
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What do aggregate saving rates (not) show?
Ponomarenko, Alexey; Ponomarenko, Alexey - 2018
The aggregate saving indicator does not directly reflect changes in individuals’ microeconomic behavior. From the official statistics’ point of view, households choose between spending, which generates additional income and consumption in the economy, and setting money aside, which does not....
Persistent link: https://www.econbiz.de/10011806421
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What do aggregate saving rates (not) show?
Ponomarenko, Alexey; Ponomarenko, Alexey - 2017
The aggregate saving indicator does not directly reflect changes in individuals' microeconomic behavior. From the official statistics' point of view, households choosebetween spending, which generates additional income and consumption in the economy, and setting money aside, which does not....
Persistent link: https://www.econbiz.de/10011751875
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Chapter 9 Macroeconomics of distribution and growth
Bertola, Giuseppe - In: Handbook of income distribution : volume 1, (pp. 477-540). 2000
production on the one hand, and aggregate savings, investment, and macroeconomic growth on the other. Tractable models …. Furthermore, rates of return to savings and investments are generally heterogeneous when they are only partially (if at all …
Persistent link: https://www.econbiz.de/10014024200
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Saving and Investment in US Economic Growth
Sy, Wilson N. - 2014
Key economic concepts of saving and investment are defined and discussed in this paper. It is shown that the equation “saving=investment” is a fundamental fallacy of macroeconomics due to a confusion between real and financial variables, and also between stock and flow variables. Economic...
Persistent link: https://www.econbiz.de/10013043655
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Making sense of Piketty's "fundamental laws" in a Post-Keynesian framework : the transitional dynamics of wealth inequality
Ederer, Stefan; Rehm, Miriam - 2018
If Piketty's main theoretical prediction (rg leads to rising wealth inequality) is taken to its radical conclusion, then a small elite will own all wealth if capitalism is left to its own devices. We formulate and calibrate a Post-Keynesian model with an endogenous distribution of wealth between...
Persistent link: https://www.econbiz.de/10011927150
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Wealth Varying Savings, Inequality and Growth
Fishman, Arthur; Simhon, Avi - 2010
at a higher rate than the poor, income inequality stimulates growth by increasing aggregate savings. We trace the …
Persistent link: https://www.econbiz.de/10014217720
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Corruption, the Resource Curse and Genuine Saving
Dietz, Simon; Neumayer, Eric; De Soysa, Indra - 2009
Genuine saving measures net investment in produced, natural and human capital. It is a necessary condition for weak sustainable development that genuine saving not be persistently negative. However, according to data provided by the World Bank, resource-rich countries are systematically failing...
Persistent link: https://www.econbiz.de/10014071807
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Annuity Market Imperfection, Retirement and Economic Growth
Heijdra, Ben J. - 2009
We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and on the macroeconomic growth rate in an overlapping generations model with endogenous growth. We model imperfect annuities by introducing a load factor on the interest rate...
Persistent link: https://www.econbiz.de/10013157843