The impact of budget deficits on national saving in the USA
AbstractThis paper analyses the effect of government budget deficits on national saving in the USA utilizing annual time series data from 1967 to 1996. A model that includes budget deficits, money supply, real exchange rate, real interest rate, and the proportion of working age population to total population to explain national saving is developed. After examining the time series properties of the data an error correction model is estimated. The overall results suggest that an increase in government budget deficits tend to reduce national saving. The working age population coming out of the baby boom generation has positively contributed to an increase in national saving.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 33 (2001)
Issue (Month): 13 ()
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- Marc Hayford, 2005. "Fiscal policy and national saving," Applied Economics, Taylor & Francis Journals, vol. 37(9), pages 981-992.
- Chor Foon Tang & Soo Y. Chua, 2012. "The savings-growth nexus for the Malaysian economy: a view through rolling sub-samples," Applied Economics, Taylor & Francis Journals, vol. 44(32), pages 4173-4185, November.
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