Knight, John; Wang, Wei - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2011
sense of very high investment and very low consumption, giving rise to rapid capital accumulation; and an imbalance between …. Both imbalances imply a low rate of time discount by both government and society: consumption in the present is forgone in … favour of consumption in the future. The paper examines how these imbalances came about, and goes on to consider whether they …