What Explains Private Saving in Mexico?
AbstractThis paper examines the factors influencing Mexico''s private saving rate. Cross-country analysis finds that Mexico''s private saving is somewhat higher than could be explained by its fundamentals, but lower than in the average country in the sample. This analysis suggests that Mexico''s greater reliance on external saving, its relatively high population dependency ratio, and its less developed financial system have been the main factors holding back private saving. Time-series analysis finds that movements in private saving have not been associated with similar shifts in investment, as changes in public saving and external saving have tended to offset movements in private saving. This is consistent with the direction of causality being from investment to saving and suggests that policy measures should focus on creating conditions favorable to increased investment.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 06/191.
Date of creation: 01 Aug 2006
Date of revision:
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- A. Javier Hamann, 1993. "Private Saving, Public Saving, and the Inflation Tax," IMF Working Papers 93/37, International Monetary Fund.
- José Brambila Macias & Guido Cazzavillan, 2008.
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2008_42, Department of Economics, University of Venice "Ca' Foscari".
- Macias, Jose Brambila & Cazzavillan, Guido, 2009. "The dynamics of parallel economies. Measuring the informal sector in Mexico," Research in Economics, Elsevier, vol. 63(3), pages 189-199, September.
- Brambila Macias, Jose, 2008. "The Dynamics of Parallel Economies. Measuring the Informal Sector in México," MPRA Paper 8400, University Library of Munich, Germany.
- Shahbaz, Muhammad & Nawaz, Kishwar & Arouri, Mohamed & Teulon, Frédéric & Uddin, Gazi Salah, 2013. "On the validity of the Keynesian Absolute Income hypothesis in Pakistan: An ARDL bounds testing approach," Economic Modelling, Elsevier, vol. 35(C), pages 290-296.
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