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China’s high corporate savings rate is commonly claimed to be a key driver for the country’s large current account surplus. The mainstream explanation for high corporate savings is a combination of windfall profits in state-owned firms, especially in resource sectors, and mis-governance of...
Persistent link: https://www.econbiz.de/10014402854
saving and increased consumption. The main findings are that spending on health, but not education, had an impact on …Consumption in China is unusually low and has continued to decline as a share of GDP over the past decade. A key policy … question is how to reverse this trend, and rebalance growth away from reliance on exports and investment and toward consumption …
Persistent link: https://www.econbiz.de/10014402886
personal saving rate in the United States. It does so by comparing the U.S. experience with those of Australia, Canada, and the … relationship between U.S. saving and net worth, with a somewhat smaller coefficient than in previous studies. HEW is estimated to … have a temporary negative impact on saving of the order of 20 cents on the dollar …
Persistent link: https://www.econbiz.de/10014402991
China’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U … younger households are consistent with rising income uncertainty and higher saving rates among older households are consistent …
Persistent link: https://www.econbiz.de/10014403089
Italy and provinces in Canada. Analyzing saving-investment correlations, and developing as well as fitting to the data a …
Persistent link: https://www.econbiz.de/10014403500
This paper presents a model that incorporates uncertainty about trade reform and analyzes the effects of trade and financial liberalization on domestic investment and savings, the current account balance and the real exchange rate, both when the capital account is open and when it is closed....
Persistent link: https://www.econbiz.de/10014403509
This paper examines the relationship between terms of trade shocks, private saving, and the current account position … consumption and intratemporally substituting consumption between importables and nontradables. The relative strength of these …
Persistent link: https://www.econbiz.de/10014403790
The macroeconomic implications of a pension reform that substitutes a high-return fully-funded system for a low-return pay-as-you-go system are discussed in an overlapping generations, neoclassical growth model. With forward-looking individuals, a debt-financed reform worsens the current...
Persistent link: https://www.econbiz.de/10014403806
Jappelli and Pagano (1994) argues that tightening the borrowing constraints in the mortgage markets promotes savings. Employing a six-period overlapping generations model with endogenous growth and a method of simulation calibrated on the Middle East, this paper demonstrates that the above...
Persistent link: https://www.econbiz.de/10014403815
We estimate consumption dynamics in the G-7 economies, paying particular attention to the possibility of precautionary … consumption growth. As such, consumption in the G-7 economies is unlikely to be the engine that revives global growth. Differences … in the pace and timing of consumption moderation have implications for the evolution of global imbalances. With the U …
Persistent link: https://www.econbiz.de/10014404335