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Japanese Saving Rate

Author

Listed:
  • Selo Imrohoroglu
  • Kaiji Chen
  • Ayse Imrohoroglu

    (finance and business economics usc)

Abstract

Despite much work, economists have not been able to quantitatively account for the differences in the Japanese and U.S. saving rates after World War II. In this paper, we show that the use of actual Japanese total factor productivity growth rates in a standard growth model generates saving rates that are reasonably similar to the Japanese data between 1956 and 2000. (JEL E21, E22, O41, O47)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Selo Imrohoroglu & Kaiji Chen & Ayse Imrohoroglu, 2005. "Japanese Saving Rate," 2005 Meeting Papers 747, Society for Economic Dynamics.
  • Handle: RePEc:red:sed005:747
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    References listed on IDEAS

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    More about this item

    Keywords

    Growth Model; Total Factor Productivity; Saving Behavior;
    All these keywords.

    JEL classification:

    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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