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 ranks education higher than saving. The result assumes an isoelastic …

investment. Stepping up structural reforms will also be necessary if double-digit growth rates are to be achievable over the … improving in key sectors, partly thanks to greater private investment, bottlenecks endure and efforts to intensify competition … and ensure continued strong investment are required. Labour market reforms are also required to promote job creation …

This article explores the impact of structural policies on saving, investment, and current accounts in OECD and non … well as for a panel/cross-section of 117 OECD and non- OECD countries that relate saving, investment and current accounts … influence saving, investment and current accounts through their impact on macroeconomic conditions such as productivity growth …

domestic saving appears to be a major constraint to higher investment rates in Brazil. Due to high levels of current …Low investment rates are limiting Brazil’s future potential growth rate. This paper analyses a number of potential … reasons for these low investment rates and discusses policy options to achieve faster capital accumulation. A shortage of …