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Entwicklung und Tendenzen der Finanzsysteme in Osteuropa

Vincentz, Volkhart - 2002

Persistent link: https://www.econbiz.de/10010322660

Rol del mercado de capitales en el crecimiento de la economia: Literatura y evidencia para Argentina

Dapena, José Pablo - 2009

Los modelos económicos que analizan el crecimiento hacen un fuerte hincapié en el efecto positivo de la acumulación del capital sobre el desarrollo de las economías. Para ello, deben existir mercados de capitales desarrollados que canalicen adecuadamente los ahorros hacia la inversión. Los...

Persistent link: https://www.econbiz.de/10010323366

Adam Smith's answer to the Feldstein-Horioka paradox: The invisible hand revisited

Yasutomi, Ayumu; Horioka, Charles Yuji - 2010

In this paper, we show that Adam Smith pointed out the existence of the Feldstein-Horioka Paradox or Puzzle and even gave an explanation for it more than 200 years before the publication of Feldstein and Horioka (1980). Smith argues that it is the pursuit of their own security that leads owners...

Persistent link: https://www.econbiz.de/10010332269

The Feldstein-Horioka fact

Giannone, Domenico; Lenza, Michele - 2008

This paper shows that general equilibrium effects can partly rationalize the high correlation between saving and investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving-retention coefficient remains high in the 70’s but decreases...

Persistent link: https://www.econbiz.de/10011604919

Global liquidity glut or global savings glut? A structural VAR approach

Bracke, Thierry; Fidora, Michael - 2008

Since the late-1990s, the global economy is characterised by historically low risk premia and an unprecedented widening of external imbalances. This paper explores to what extent these two global trends can be understood as a reaction to three structural shocks in different regions of the global...

Persistent link: https://www.econbiz.de/10011604957

Savings and investment for growth resumption in Latin America: The cases of Argentina, Brazil and Colombia

Bacha, Edmar Lisboa - 1992

Persistent link: https://www.econbiz.de/10011934919

Optimal taxation with capital accumulation and wage bargaining

Palokangas, Tapio - 2003

This study examines optimal taxation in a unionized economy in which households save capital. The main findings are as follows. Judd?s (1985) and Chamley?s (1986) classical results of zero taxation on capital income holds. This is true independently of workers? savings behaviour or the...

Persistent link: https://www.econbiz.de/10010261659

Efficient tax policy ranks education higher than saving

Richter, Wolfram F. - 2007

Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second-best efficient not to distort the choice of education. In general this implies distorting the saving decision. Hence a strict order of policy priority is derived. Efficient tax policy...

Persistent link: https://www.econbiz.de/10010264217

Factor substitution, income distribution, and growth in a generalized neoclassical model

Irmen, Andreas; Klump, Rainer - 2007

We analyze a generalized neoclassical growth model that combines a normalized CES production function and possible asymmetries of savings out of factor incomes. This generalized model helps to shed new light on a recent debate concerning the impact of factor substitution and income distribution...

Persistent link: https://www.econbiz.de/10010264251

The Impact of Rural Enterprises on Household Savings in China

Zhu, Qiuxia - 2004

den Entwicklungsländern ist ein wichtiger Gegenstand der Entwicklungsforschung. Jedoch wurde die Investition als eine … Investition in den nicht-landwirtschaftlichen Sektor als eine wichtige Sparmotivation für ländliche Haushalte zu betrachten ist … ländlichen Haushalte verstärkt sparen. Die Manager der TVEs haben große Motivation zu sparen, um ein kollektives TVE unter dem …

Persistent link: https://www.econbiz.de/10010265909