Saving Rates and Savings Ratios

Author(s):  
Guillermo Ordoñez ◽  
Facundo Piguillem
Keyword(s):  
2015 ◽  
Vol 8 (4) ◽  
pp. 217-240 ◽  
Author(s):  
David Aadland ◽  
Sherrill Shaffer

2021 ◽  
Vol 57 (2) ◽  
pp. 170-199
Author(s):  
Delano Villanueva ◽  
Roberto Mariano

This paper develops and discusses an open-economy growth model in a modi!ed Arrow learning-by-doing framework, in which workers learn through experience on the job, thereby increasing their productivity. Applying optimal control to maximize the discounted stream of intertemporal consumption, the model yields domestic saving rates of 18-22 percent of GDP, which are feasible targets in developing and emerging market economies. Sustainable gross foreign debt is in the range of 39-50 percent of GDP. Saving, debt, and growth policies are suggested.


2014 ◽  
pp. 249-278 ◽  
Author(s):  
Dennis Tao Yang ◽  
Junsen Zhang ◽  
Shaojie Zhou
Keyword(s):  

2020 ◽  
Vol 10 (1) ◽  
pp. 313
Author(s):  
Prakash Chandra Sapkota

The purpose of this paper is to incorporate the role of public infrastructure investment on economic takeoff process in underdeveloped and emerging economies in a dynamic general equilibrium model. We use a two-period overlapping generations model, and consider two types of technologies (traditional and modern) that are used to produce the final output of firms. This paper confirms that economic takeoff is possible only when the capital per labor unit exceeds a certain threshold level. Thus, the takeoff process depends on the productivity race between traditional and modern technologies with increasing public infrastructure investment, while public infrastructures foster the productivity of both technologies. Similarly, an effective tax rate supports the takeoff process by stimulating the wage rate which in turn increases the capital per labor along with the saving rates. Hence, we clarify the conditions required for succeeding in the takeoff of an economy. In addition, we review some empirical evidence related to the output elasticity of public infrastructures.


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