Abstract
The role of savings as a means of financing investment in the
process of economic development is well conceived in the theories of
economic growth. But what determines saving? Economists have tried to
theorize about the relationship between savings and other economic
aggregates in the national accounts. With the notable exception of
Houthakker [16] Zohar [42] and Williamson [39] these studies were
empirically verified only for U.S.A., Canada and a few other highly
developed countries. An application of these models to international
data is strongly desired because they generally serve as a useful frame
of reference for growth and stabilization policies. The lack of such
interest can be explained by the difficulties that collection and
refinement of required data poses for developing countries.
Publisher
Pakistan Institute of Development Economics (PIDE)
Subject
Development,Geography, Planning and Development
Cited by
4 articles.
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