The Role of Household Saving in the Economic Rise of China
AbstractThe saving rate in China is high by historical and international norms. The high saving rate has funded capital accumulation which in turn has been the primary driver of China's economic growth. We review the evidence on Chinese household saving and conduct a small study to assess the importance of the precautionary motive for saving.
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Bibliographic InfoPaper provided by Hong Kong Institute for Monetary Research in its series Working Papers with number 042013.
Length: 24 pages
Date of creation: Apr 2013
Date of revision:
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Household Saving; Precautionary Motive; China;
Other versions of this item:
- Nelson Mark & Steven Lugauer & Clayton Sadler, 2012. "The Role of Household Saving in the Economic Rise of China," Working Papers 004, University of Notre Dame, Department of Economics, revised Jun 2012.
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-03-23 (All new papers)
- NEP-DEV-2013-03-23 (Development)
- NEP-HIS-2013-03-23 (Business, Economic & Financial History)
- NEP-MAC-2013-03-23 (Macroeconomics)
- NEP-TRA-2013-03-23 (Transition Economics)
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