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Sustaining a high rate of economic growth is the major policy issue facing the Arab economies. A detailed analysis of growth, investment, and savings for the period 1971-96, including through a growth accounting exercise, shows that increasing long-run growth requires improvements in both...
Persistent link: https://www.econbiz.de/10014403299
excessive burden they impose on the public finances and their depressing impact on saving rates. This study analyzes the impact … of pension systems and pension reform on saving, paying particular attention to the impact of the introduction of defined …-contribution plans like that of Chile. It also surveys the literature on the impact of pension regimes on saving, discusses some recent …
Persistent link: https://www.econbiz.de/10014406388
intertemporal equilibrium models--in particular the weaknesses of saving and investment theories incorporated in the models. It …
Persistent link: https://www.econbiz.de/10014396321
Even modest investment rates may achieve satisfactory rates of growth in the reforming economies of Eastern Europe because their relative capital scarcity implies high rates of productivity for capital. The most serious obstacle to private investment is uncertainty about the reform process,...
Persistent link: https://www.econbiz.de/10014396376
general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility …
Persistent link: https://www.econbiz.de/10014404019
Persistent link: https://www.econbiz.de/10014404977
Edited by Ana María Martirena-Mantel, this volume, published in Spanish and English, contains the papers presented at a seminar sponsored jointly by the IMF and the Instituto Torcuato di Tella of Argentina. The seminar was held in Don Torcuato, near Buenos Aires. The volume consists of six...
Persistent link: https://www.econbiz.de/10014411736
The ongoing demographic changes will bring about a substantial shift in the size and the age composition of the population, which will have significant impact on the global economy. Despite potentially grave consequences, demographic changes usually do not take center stage in many macroeconomic...
Persistent link: https://www.econbiz.de/10014411766
This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in … including potential saving determinants identified by theory but not previously considered in the empirical literature. Fourth …, the paper explores differences in saving behavior nesting the 2008-10 crisis period and four different country groups …
Persistent link: https://www.econbiz.de/10014411812
Domestic private saving rates have been on a declining trend in many Emerging Markets (EMs), raising questions about … managed to achieve protracted increases in the private saving rate. The results show that episodes of sustained accelerations … matching estimators do not reject the result that stronger economic growth mostly precedes episodes of saving accelerations …
Persistent link: https://www.econbiz.de/10014411826