Author: Francesco Grigoli
Publisher: International Monetary Fund
Published: 2015-05-18
Total Pages: 41
ISBN-13: 1513538160
DOWNLOAD EBOOK →This paper analyzes saving patterns and determinants in Latin America and the Caribbean (LAC), including key policy variables and regimes. The review of previous empirical studies on LAC saving reveals contradictions and omissions. This paper presents empirical results of an extensive search of determinants of private and public saving rates, adding previously neglected variables (including different measures of key external prices and macroeconomic policy regimes), in linear form and in interactions with other saving determinants. It analyzes statistical differences in saving determinants between LAC and the rest of the world in a nested econometric framework, and discusses differences across three country subgroups within LAC. The results highlight commonalities and differences in saving behavior between LAC and other world regions, as well as within LAC, identifying the role of key policy variables and regimes.
Author: Mrs.Anuradha Dayal-Gulati
Publisher: International Monetary Fund
Published: 1997-09-01
Total Pages: 26
ISBN-13: 1451853300
DOWNLOAD EBOOK →This paper examines empirical determinants of private saving for a sample of economies in Southeast Asia and Latin America over the period 1975–95. It uses panel estimations to establish relationships between private saving rates and a range of policy and nonpolicy variables. The findings show that fiscal policy, particularly social security arrangements, influence private saving; also macroeconomic stability and financial deepening appear to have been important in accounting for differences in saving behavior between the two regions.
Author: Inter-American Development Bank
Publisher: Springer
Published: 2016-07-08
Total Pages: 329
ISBN-13: 1349949299
DOWNLOAD EBOOK →Why should people - and economies - save? This book on the savings problem in Latin America and the Caribbean suggests that, while saving to survive the bad times is important, saving to thrive in the good times is what really counts. People must save to invest in health and education, live productive and fulfilling lives, and make the most of their retirement years. Firms must save to grow their enterprises, employ more workers in better jobs, and produce quality goods. Governments must save to build the infrastructure required by a productive economy, provide quality services to their citizens, and assure their senior citizens a dignified, worry-free retirement. In short, countries must save not for the proverbial rainy day, but for a sunny day - a time when everyone can bask in the benefits of growth, prosperity, and well-being. This book is open access under a CC BY-NC-ND 3.0 IGO license.
Author: Michael K. Gavin
Publisher:
Published: 1997
Total Pages: 32
ISBN-13:
DOWNLOAD EBOOK →The paper reviews and contributes to the policy debate surrounding saving in Latin America presenting an alternative perspective on the relationship between saving and growth, saving and inflation stabilization and structural reform, and saving and capital flows, drawing on the experience of Latin America and East Asia.
Author: Mario Gutiérrez
Publisher: UN
Published: 2007
Total Pages: 0
ISBN-13: 9789211216226
DOWNLOAD EBOOK →National savings and growth in Latin America have remained low in the 1990s and 2000s. The low level of national savings rates has forced Latin American countries to depend on foreign savings to finance investment and growth, which compounds the challenges for raising investment and growth prospects. This study extends the research on savings in three different dimensions. Publishing Agency: United Nations (UN).