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Data and definitions: Underestimating savings and investment in an open economy

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Author Info
Ashima Goyal () (Indira Gandhi Institute of Development Research)
Abstract

This note clarifies definitions and derives from first principles the relationship between investment, domestic and foreign savings in order to show that there is underestimation of investment and foreign savings given conceptual macroeconomic definitions and Indian practice. Indian national accounts report and use gross domestic savings but the measure of capital inflows used with it is the one appropriate for gross national savings. The degree of underestimation is shown using recent data and implications drawn from the errors.

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File URL: http://www.igidr.ac.in/pdf/publication/WP-2007-015.pdf
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Publisher Info
Paper provided by Indira Gandhi Institute of Development Research, Mumbai, India in its series Indira Gandhi Institute of Development Research, Mumbai Working Papers with number 2007-015.

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Length: 11 pages
Date of creation: Oct 2007
Date of revision:
Handle: RePEc:ind:igiwpp:2007-015

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Related research
Keywords: gross domestic and national savings; capital formation; national accounts;

Find related papers by JEL classification:
E21 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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This page was last updated on 2010-1-4.

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