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

by Klaus Schmidt-Hebbel, Luis Servén, Joseph Stiglitz

Overview

Saving rates display great variation across countries and over time. They are also closely related to growth performance. This volume provides a state-of-the-art account of key variables, institutions and policies that determine saving. Drawing from a systematic exploration of the existing literature, the collection summarizes current 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.

Product Details

ISBN-13:	9780521023313
Publisher:	Cambridge University Press
Publication date:	01/30/2006
Edition description:	Revised ed.
Pages:	212
Product dimensions:	5.98(w) x 8.98(h) x 0.59(d)

Table of Contents

Foreword Joseph Stiglitz; 1. Introduction; 2. Saving in the world: the stylized facts Klaus Schmidt-Hebbel; 3. Saving and growth Luis Serven; 4. Financial policies and saving Angus Deaton; 5. Foreign resource inflows, saving and growth Patrick Honohan; 6. Aggregate saving and income distribution Maurice Obstfeld.