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The Romanian economic crisis manifests in all fields of activity. One of the affected sectors is the banking system. The studies performed so far, the official press releases of the government and of the National Bank of Romania show that the Romanian banking system has been only slightly...
Persistent link: https://www.econbiz.de/10010616182
This paper shows that the standard optimal growth model can be solved explicitly by using a utility function describing preferences for consumption and savings. Such a maximising criterion including the flow of savings can actually be strongly motivated by two arguments. First, the basic...
Persistent link: https://www.econbiz.de/10008602752
Over the last half century, the saving rate in the United States exhibited significant variations. In this paper, I examine whether a general equilibrium model that allows for shifts in the growth rate of total factor productivity can account for these variations. The model generates significant...
Persistent link: https://www.econbiz.de/10011048937
This paper presents a model accounting for the impact of the Chinese rural-urban migration on the stock of aggregate saving and the skill composition of the urban labor force. The novel mechanism through which immigration affects labor-market outcomes is the availability of new loanable funds...
Persistent link: https://www.econbiz.de/10011108031
households in 2010, to measure the global tax burden on households consumer in Italy, distinguishing between direct, indirect … household saving rate. A 1% increase of the global tax burden rate on consumer households decreases 2,9% their saving rate … significant increase in saving. We estimate the impact of direct and indirect taxes in 2010, in relation to households disposable …
Persistent link: https://www.econbiz.de/10011113278
This paper characterizes analytically the saving rate in the Ramsey-Cass-Koopmans model with a general production function when there exists both exogenous and endogenous growth. It points out conditions involving the share of capital and the elasticities of factor and intertemporal substitution...
Persistent link: https://www.econbiz.de/10005518403
In this short note I clarify two features of Figure 2.3 in Barro and Sala-i-Martin (2004). The figure, as it appeared in the first and second editions of the book, is confusing if not wrong. I hope this note will serve as a corrigendum to the figure.
Persistent link: https://www.econbiz.de/10005623378
In this paper, we analyze the financial asset selection behavior of Japanese households. Especially, we focus on … relationship between liquidity constraint and household portfolio. Our results show that the more households suffer from liquidity … constraint, the less the households hold risky assets. This is consistent with previous empirical research on Italian households …
Persistent link: https://www.econbiz.de/10005118884
Objective of the article is the analysis of gross fixed capital formation in CR, investment rate and efficiency of investment during 2005–200. Different modification of investment rate is used. Efficiency of investment is observed by ICOR. Investment rate, efficiency of investment and saving...
Persistent link: https://www.econbiz.de/10011194963
Рассмотрена правовая база исполнения договоров пожизненного содержания и их специфика, прямо влияющая на разрабатываемые методы их экономического анализа и...
Persistent link: https://www.econbiz.de/10011237752