Trends in National Saving and Investment
AbstractBoth saving and investment have tended to be high as a share of GDP in Australia relative to other advanced economies. But because investment has tended to exceed savings, Australia has traditionally had a sizeable current account deficit. This deficit has, however, narrowed over the past few years as the national saving rate has trended higher. This article looks at the recent sectoral trends in national saving and investment and puts them in historical perspective.
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Bibliographic InfoArticle provided by Reserve Bank of Australia in its journal RBA Bulletin.
Volume (Year): (2012)
Issue (Month): (March)
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