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Measures of saving as indicators of economic growth

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  • William E. Cullison

Abstract

This paper contends that National Income Accounts (NIA) saving rates have been sending out misleading signals about the U.S. economy in the 1980s. The individuals' saving rate from the flow-of-funds accounts (FFA) is shown to be a much better indicator of resources available for future economic growth.

Suggested Citation

  • William E. Cullison, 1990. "Measures of saving as indicators of economic growth," Working Paper 90-09, Federal Reserve Bank of Richmond.
    • Handle: RePEc:fip:fedrwp:90-09
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    References listed on IDEAS

    as
    1. David Alan Aschauer, 1989. "Public investment and productivity growth in the Group of Seven," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 13(Sep), pages 17-25.
    2. William E. Cullison, 1990. "Is saving too low in the United States?," Economic Review, Federal Reserve Bank of Richmond, vol. 76(May), pages 20-35.
    3. Fred Block, 1990. "Bad Data Drive Out Good: The Decline of Personal Savings Reexamined," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 13(1), pages 3-19, September.
    4. Robert Eisner, 1991. "The Real Rate Of U.S. National Saving," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 37(1), pages 15-32, March.
    5. Eisner, Robert, 1989. "The Total Incomes System of Accounts," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226196381, March.
    6. Hirotugu Akaike, 1969. "Fitting autoregressive models for prediction," Annals of the Institute of Statistical Mathematics, Springer;The Institute of Statistical Mathematics, vol. 21(1), pages 243-247, December.
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