En este trabajo, la existencia de cointegracion entre el ahorro y la inversion en America Latina se analiza por medio del metodo de Johansen, aplicado a un vector compuesto por las variables inversion privada y publica, ahorro nacional, oferta monetaria y entrada de recursos externos. Los...

We decompose aggregate saving and investment into its public and private components and then document a variety of "stylized facts" associated with saving and investment rates of a sample of 15 countries over the period 1975-1989. In order to see whether these empirical relationships are...

This paper investigates the relevance of business saving for private saving and investment around the world by constructing and exploiting a broad international, unbalanced panel of 64 countries over 1990-2012. The paper shows that businesses are the main contributors to private and national...