The Economics of Saving and Growth: Theory, Evidence, and Implications for Policy - Hardcover

Hardcover

ISBN 10: 0521632951 ISBN 13: 9780521632959

Publisher: Cambridge University Press, 1999

Synopsis

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.

About this title

Book Description:

This c1999 ollection provides an account of the key factors that determine saving. Drawing from the existing literature, the work presents a policy-orientated summary of current knowledge, along with analytical and empirical findings, about international saving trends, the relation between growth and saving and the effects of financial institutions, foreign inflows and income inequality on saving performance.

About this edition

• Publisher: Cambridge University Press
• Publication date: 1999
• ISBN 10: 0521632951
• ISBN 13: 9780521632959
• Binding: Hardcover
• Number of pages: 210
• Editor: Schmidt-Hebbel Klaus, Servén Luis