When does domestic saving matter for economic growth? by Philippe Aghion

Cover of: When does domestic saving matter for economic growth? | Philippe Aghion

Published by National Bureau of Economic Research in Cambridge, Mass .

Written in English

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Subjects:

  • Technological innovations -- Developing countries -- Mathematical models,
  • Savings accounts -- Developing countries -- Mathematical models,
  • Investments, Foreign -- Developing countries -- Mathematical models

Edition Notes

Book details

StatementPhilippe Aghion, Diego Comin, Peter Howitt.
SeriesNBER working paper series -- no. 12275., Working paper series (National Bureau of Economic Research) -- working paper no. 12275.
ContributionsComin, Diego., Howitt, Peter, 1946-, National Bureau of Economic Research.
The Physical Object
Pagination29, [11] p. ;
Number of Pages29
ID Numbers
Open LibraryOL17630077M
OCLC/WorldCa70080962

Download When does domestic saving matter for economic growth?

The theory also delivers predictions on when domestic saving should matter most for economic growth. In particular it focuses on the interaction between saving and the country™s distance to the technological frontier.

The main prediction of our model is that saving a⁄ects. Get this from a library. When does domestic saving matter for economic growth?.

[Philippe Aghion; Diego Comin; Peter Howitt; National Bureau of Economic Research.] -- "Can a country grow faster by saving more. We address this question both theoretically and empirically. In our model, growth results from innovations that allow local sectors to catch up with the.

When Does Domestic Saving Matter for Economic Growth. Philippe Aghion, Diego Comin, Peter Howitt. NBER Working Paper No. Issued in JuneRevised in September NBER Program(s):Economic Fluctuations and Growth.

Can a country grow faster by saving more. We address this question both theoretically and by: "When Does Domestic Saving Matter for Economic Growth?," NBER Working PapersNational Bureau of Economic Research, Inc.

Philippe Aghion & Diego Comin & Peter Howitt, "When Does Domestic Saving Matter for Economic Growth?," DEGIT Conference Papers c_, DEGIT, Dynamics, Economic Growth, and International Trade. In rich countries, domestic entrepreneurs are already familiar with frontier technology and therefore do not need to attract foreign investment to innovate, so domestic saving does not matter for.

Philippe Aghion & Diego Comin & Peter Howitt, "When Does Domestic Saving Matter for Economic Growth?," DEGIT Conference Papers c_, DEGIT, Dynamics, Economic Growth, and International Trade.

Philippe Aghion & Diego Comin & Peter Howitt & Isabel Tecu, "When Does Domestic Savings Matter for Economic Growth?," Post-Print halshs, HAL.

How Does Domestic Saving Matter in Economic Growth Topics: Investment, Capital accumulation, Economic growth Pages: 51 ( words) Published: J In such a country, local saving matters for innovation, and therefore growth, because it allows the domestic bank to cofinance projects and thus to attract foreign investment.

Aghion, Philippe, Diego Comin and Peter Howitt,“When Does Domestic Saving Matter for Economic Growth?” NBER Working Paper No. May. Alfaro, Laura, Sebnem Kalemli-Ozcan and Vadym Volosovych,“Why Doesn’t Capital Flow from Rich to Poor Countries. HBS Working Knowledge: Business Research for Business Leaders.

With no economic growth, the only way for one person to have more is at the expense of someone else. When Does Domestic Saving Matter for Economic Growth. he has written a monthly column. When Does Domestic Saving Matter for Economic Growth. 1 Philippe Aghion Harvard University Peter Howitt Brown University Novem 1Preliminary draft of paper to be presented to the conference on Financial Frictions and the Macroeconomy at the Bank of Canada, Novem   In rich countries, domestic entrepreneurs are already familiar with frontier technology and therefore do not need to attract foreign investment to innovate, so domestic saving does not matter for growth.

A cross-country regression shows that lagged savings is positively associated with productivity growth in poor countries but not in rich. When Does Domestic Saving Matter for Economic Growth.

Philippe Aghion, Diego Comin and Peter Howitt (). DEGIT Conference Papers from DEGIT, Dynamics, Economic Growth, and International Trade. Abstract: Can a country grow faster by saving more. Prabagar, Shanmuganathan, Does Domestic Saving Matter for Economic Growth: In Case of Chinese Economy (Novem ).

IOSR Journal of Economics and Finance (IOSR-JEF) Volume 7, Issue 6 Ver. II (Nov. - Dec. ) e-ISSN:p-ISSN: Finally, the result of Granger Causality report that economic growth rate does matter lead to growth rate of domestic savings in Thailand only. Thus, in order to learn the effect of gross domestic saving per capita growth rate can help narrow the different of GDP between two countries concerned, this paper will examine the correlation of two.

When Does Domestic Saving Matter for Economic Growth. Harvard Business School BGIE Unit Working Paper No. Number of pages: 54 Posted: 15 Jan The savings and economic growth are closely related with each other.

The relationship between the savings at the domestic level and economic growth are studied in Economics by various economists a number of have been numerous studies depending on the data collected from various income classes of the economy such as low-income group, high-income group, low middle income.

In such a country, local saving matters for innovation, and therefore growth, because it allows the domestic bank to cofinance projects and thus to attract foreign investment.

But in countries close to the frontier, local firms are familiar with the frontier technology, and therefore do not need to attract foreign investment to undertake an. In rich countries, domestic entrepreneurs are already familiar with frontier technology and therefore do not need to attract foreign investment to innovate, so domestic saving does not matter for growth.

A cross-country regression shows that lagged savings is positively associated with productivity growth in poor countries but not in rich. BibTeX @INPROCEEDINGS{Comin06whendoes, author = {Diego Comin and Peter Howitt and Raquel Fern and Mark Gertler and Avner Greif and Elhanan Helpman and Greg Mankiw and Assistance Of Juan Diego Bonilla and Victor Tsyrennikov}, title = {When does domestic saving matter for economic growth}, booktitle = {National Bureau of Economic Research, Inc, NBER Working Papers: }.

In rich countries, domestic entrepreneurs are already familiar with frontier technology and therefore do not need to attract foreign investment to innovate, so domestic savings does not matter for growth.A cross-country regression shows that lagged savings is positively associated with productivity growth in poor countries but not in rich countries.

When does domestic saving matter for economic growth. By P. Aghion, D. Comin and P. Howitt. Download PDF ( KB) Abstract. Can a country grow faster by saving more.

In such a country, local saving matters for innovation, and therefore growth, because it allows the domestic bank to cofinance projects and thus to attract foreign investment.

The exogenously increased saving leads to the higher levels of capital stock and output per capita in the steady-state, and to a higher rate of growth temporarily in the transition to steady-state. 1 The post-neoclassical endogenous theory of economic growth that came into vogue since the mids predicts that the increase in saving generates.

Citation Aghion, Philippe, Diego Comin, and Peter Howitt. When does domestic saving matter for economic growth. Working paper, Department of Economics, Harvard University. When does domestic saving matter for economic growth.

By Diego Comin, Peter Howitt, Raquel Fern, Mark Gertler, Avner Greif, Elhanan Helpman, Greg Mankiw, Assistance Of Juan Diego Bonilla and Victor Tsyrennikov.

Abstract. Mokyr, Fabrizio Perri, and seminar participants at Harvard and Stern, and the excellent researc. Read Articles about Economic Growth- HBS Working Knowledge: The latest business management research and ideas from HBS faculty. Title: Does Domestic Saving Matter for Economic Growth: in case of Chinese economy Author: ar Created Date: 11/21/ PM.

When Does Domestic Savings Matter for Economic Growth. By Philippe Aghion, Diego Comin, Peter Howitt and Isabel Tecu. Cite. BibTex; Full citation; Publisher: Springer Science and Business Media LLC. Year: DOI identifier: /imfer OAI identifier: Provided by: MUCC.

method. They found that savings and economic growth is cointegrated and positively related in the long run so the study indicates savings is an engine to economic growth through its impact on capital formation.

In the case of Cambodia, Seng Sothan () investigated the causality between domestic savings and economic growth. causality runs from gross domestic savings to economic growth. Kumar et al. () studies the relationship between economic growth and gross domestic savings in South East Asian countries in respect of the Granger causality test.

The relationship between gross domestic savings and economic growth is found to be bi-directional. Ethiopia. Joydeep has over 25 years of experience in the financial services industry in roles spanning research and advisory. Currently he is on his own, working as a corporate trainer. He has authored four books on fixed income investing and wealth management, which have received accolades from the.

Singh () studied the causal relationship between domestic savings and economic growth in India. He analyzed the shortand long run relation between these variables using an Autoregressive Distributed Lag model for the period to The results indicate that there is a two-way relationship between savings.

Indonesia’s gross domestic product (GDP) contracted by percent year-on-year in the second quarter due to the pandemic-induced public health and economic. A high gross domestic saving rate usually indicates a country's high potential to invest in capital. State two factors that affect the gross savings rate for a country.

Explain how a rise in gross savings might not necessarily lead to a rise in a country’s growth rate. The idea that savings help out in a tough economy isn't an earth-shattering revelation. no matter the state of the economy. use of credit in the early s helped fuel significant growth.

Saving and Growth: A Reinterpretation Christopher D. Carroll, David N. Weil. NBER Working Paper No. Issued in September NBER Program(s):Economic Fluctuations and Growth We examine the relationship between income growth and saving using both cross-country and household data.

Key words: savings, economic growth, co-integration Received: Accepted: Introduction A quick review of literature on the relationship between savings and economic growth indicates a positive relationship between domestic savings and economic growth.

This. In the 11 years in which the current account has grown larger as a percentage of GDP (i.e., “worsened”), the average growth rate of GDP has been percent Those who maintain that the. One can define economic growth as the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

Statisticians conventionally measure such growth as the percent rate of increase in real gross domestic product, or real GDP. Growth is usually calculated in real terms - i.e., inflation-adjusted terms – to eliminate the distorting effect of. – The purpose of this paper is to examine the relationship between the growth of domestic savings and economic growth in China., – Cointegration and causality tests cover the country as a whole and four of selected representative provinces for the period of ‐, – China's economic growth is found to have a long‐running relationship with household savings and enterprise savings.

Economic Growth from Mid into Early Ended Abruptly. After contracting sharply in the Great Recession, the economy began growing in mid, following enactment of the financial stabilization bill (TARP) and the American Recovery and Reinvestment Act.

Economic growth averaged percent per from mid through R. Levine Firm level analyses of finance and growth Are bank- or market-based systems better?

Evidence Finance, income distribution, and poverty alleviation: evidence 4.

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