Sei sulla pagina 1di 4

2)

Search for

Staff Papers - International Monetary Fu... > Vol. 38, No. 1, Mar., 1991 > Private Investment i...

You are viewing the first page/citation. Full-text access may be available if you are affiliated with a participating library or publisher. Check access options orlogin if you have an account. + Show full citation

Staff Papers - International Monetary Fund 1991 International Monetary Fund

Abstract
The effects of several policy and other macroeconomic variables on the ratio of private investment to gross domestic product in developing countries during 1975-87 is analyzed. Econometric evidence indicates that the rate of private investment is positively related to real GDP growth, level of per capita GDP, and the rate of public sector investment, and negatively related to real interest rates, domestic inflation, the debt-service ratio, and the ratio of debt to GDP. The impact of most variables was greatest before the 1982 debt crisis, but the ratio of debt to GDP has since become more important.

Search
Staff Papers - International Monetary Fu... > Vol. 39, No. 3, Sep., 1992 > Private Saving and T...

for

You are viewing the first page/citation. Full-text access may be available if you are affiliated with a participating library or publisher. Check access options orlogin if you have an account. + Show full citation

Staff Papers - International Monetary Fund 1992 International Monetary Fund

Abstract
The relationship between temporary terms of trade shocks and household saving in developing countries is examined. It is first shown that, from a theoretical standpoint, this relationship is ambiguous: private saving may rise or fall in response to a transitory terms of trade shock, depending on the values of the intertemporal elasticity of substitution and the intratemporal elasticity of substitution between traded and nontraded goods. Empirical estimates of these two parameters are obtained using data from a sample of 13 developing countries, and then used to draw implications for the response of private saving to transitory terms of trade shocks.

JSTOR Home About Search Browse Terms and Conditions Privacy Policy Accessibility Help Contact us

JSTOR is part of ITHAKA, a not-for-profit organization helping the academic community use digital technologies to preserve the scholarly record and to advance research and teaching in sustainable ways. 2000-2011 ITHAKA. All Rights Reserved. JSTOR, the JSTOR logo, and ITHAKA are r

Search
Journal of Economic Literature > Vol. 11, No. 1, Mar., 1973 > The Nature of The Sa...

for

You are viewing the first page/citation. Full-text access may be available if you are affiliated with a participating library or publisher. Check access options orlogin if you have an account. + Show full citation

Journal of Economic Literature 1973 American Economic Association

abstracts

3)

Search

for

Journal of Economic Literature > Vol. 11, No. 1, Mar., 1973 > The Nature of The Sa...

You are viewing the first page/citation. Full-text access may be available if you are affiliated with a participating library or publisher. Check access options orlogin if you have an account. + Show full citation

Journal of Economic Literature 1973 American Economic Association

2) Pvt invstmt

1) 1)

Oxford Journals

Economics & Social Sciences World Bank Economic Review Volume6, Issue3 Pp. 529-547.

Household Saving in Developing Countries: First CrossCountry Evidence


1. 2. 3. Klaus Schmidt-Hebbel, Steven B. Webb and Giancarlo Corsetti +Author Affiliations 1. Klaus Schmidt-Hebbel and Steven B. Webb are with the Country Economics Department at the World Bank; Giancarlo Corsetti was with the department when this article was written. They are indebted to Ricardo Caballero, Vittorio Corbo, Stanley Fischer, Mark Gersovitz, and two anonymous referees for helpful comments and suggestions and thank Heidi Zia for assistance with some of the research for this article.

Abstract
Although most studies have relied on domestic or private sector saving data, this article uses household data available from the U.N. System of National Accounts for a sample of 10 countries. Household saving functions are estimated using combined time-series and cross-country observations in order to test households' responses to income and growth, rates of return, monetary wealth, foreign saving, and demographic variables. The results show that income and wealth variables affect saving strongly and in ways consistent with standard theories. Inflation and the interest rate do not show clear effects on saving, which is also consistent with their theoretical ambiguity. Foreign saving and monetary assets have strong negative effects on household saving, which suggests the importance of liquidity constraints and monetary wealth in developing countries.
1992 The International Bank for Reconstruction and Development/THE WORLD BANK Previous | Next Article Table of Contents

This Article
1. 1. 2. 1. Abstract Full Text (PDF) World Bank Econ Rev (1992) 6(3): 529-547.doi: 10.1093/wber/6.3.529

-Classifications
o
1. 2. 3. 4. 5. 6. Article

-Services
Alert me when cited Alert me if corrected Find similar articles Add to my archive Download citation Request Permissions

+Citing Articles +Google Scholar +Related Content +Share


Search this journal: keywords Advanced

Current Issue
1. 2011 25 (3)

1. 1. Alert me to new issues

The Journal
About this journal Rights & Permissions Dispatch date of the next issue We are mobile find out more

Published on behalf of

The World Bank

Impact factor: 1.318 5-Yr impact factor: 2.160 Editor


Alain de Janvry Elisabeth Sadoulet

View full editorial board

For Authors

Potrebbero piacerti anche