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Saving and Investment in an Open Economy with Non-Traded Goods Author info | Abstract | Publisher info | Download info | Related research | Statistics Charles Engel
Kenneth Kletzer
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We examine a model of a small open economy in which there is free international mobility of financial capital, investment in capital goods and a non-traded good. Such an environment is rich enough to explain several phenomena that are inexplicable in more barren models. We suggest an explanation of why saving and investment may be correlated even with no restrictions on trade in assets. We explain why a high saving country may nonetheless borrow from abroad to finance investment. We also provide an optimizing model of stages in the balance of payments.
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
2141.
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Date of creation: Jan 1987Date of revision:
Handle: RePEc:nbr:nberwo:2141Note: ITI IFMContact details of provider: Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A. Phone: 617-868-3900 Email: Web page: http://www.nber.org More information through EDIRC
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References listed on IDEAS 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.: Charles Engel & Kenneth M. Kletzer, 1986.
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references Cited by : (explanations , 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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"National Savings And Domestic Investment In The Long Term: Some Time Series Evidence From The Oecd ,"
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repec:eab:microe:576 is not listed on IDEAS
Jane Marrinan & Eva Ventura, 1995.
"Efectos del gasto publico sobre el ahorro y la inversión en una economía abierta ,"
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Tom Kompas & Omar Abdel-Razeq, 2001.
"A Simple Monetary Growth Model with Variable Rates of Time Preference ,"
Finance Working Papers
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Gover Barja Daza & Javier Monterrey Arce & Sergio Villarroel Bohrt, 2005.
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Johanna Francis & Tom Kompas, 2001.
"Uzawa's Transformation and Optimal Control Problems with Variable Rates of Time Preference ,"
International and Development Economics Working Papers
idec01-12, International and Development Economics.
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Other versions: Yunjong Wang & Soyoung Kim & Sunghyun H. Kim, 2002.
"Macroeconomic Effects of Capital Account Liberalization: The Case of Korea Capital Account Liberalization: The Case of Korea ,"
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141, East Asian Bureau of Economic Research.
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"The Elasticity of Substitution in Demand for Non-Tradable Goods in Costa Rica ,"
RES Working Papers
3183, Inter-American Development Bank, Research Department.
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Gover Barja Daza & Javier Monterrey Arce & Sergio Villarroel Bohrt, 2005.
"Elasticidad de la sustitución de bienes no transables en Bolivia ,"
RES Working Papers
3182, Inter-American Development Bank, Research Department.
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Tom Kompas & Omar Abdel-Razeq, 2001.
"A Simple Monetary Growth Model with Variable Rates of Time Preference ,"
International and Development Economics Working Papers
idec01-10, International and Development Economics.
[Downloadable!]
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