A Long Run Perspective on Saving
Historical estimates of long-run gross savings rates are provided for eleven countries, which represent about 48 percent of world product in real terms and close to half of world savings. Even though savings rates declined over the past decade in nine of the eleven countries, present rates are usually well above their prewar levels. Factors that influence savings rates are also examined. Copyright 1992 by The editors of the Scandinavian Journal of Economics.
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