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The Economics of Saving and Growth - Theory, Evidence, and Implications for Policy (Paperback, Revised)
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The Economics of Saving and Growth - Theory, Evidence, and Implications for Policy (Paperback, Revised)
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Saving rates display great variation across countries and over
time. They are also closely related to growth performance. This
1999 volume provides an account of key variables, institutions and
policies that determine saving. Drawing from a systematic
exploration of the existing literature, the collection summarizes
knowledge about cross-country saving trends, the relation between
saving and growth, the impact of financial policies and
institutions on saving, the effect of foreign resource inflows on
saving, and the links between income distribution and aggregate
saving. In addition, new research results are presented on the two
latter areas. The work has a strong empirical motivation: to help
address real-world issues on consumption and saving in both
industrial and developing countries, in order to assist in the
design of rational and effective macroeconomic policies.
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