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 … to knowledge creation, a feature based on endogenous growth theory. We analyze the link from resource income future …

China's growth is characterized by massive capital accumulation, made possible by high and increasing domestic savings … investigate the general equilibrium effects on capital accumulation and growth. We show that increased savings and capital …