This analysis conducts dynamic simulations to determine how major variables interact across sectors. Changes in growth performance, more than anything else, were responsible for the sharp drops in aggregate savings in 1980-82 in Korea and in 1984-85 in the Philippines. In Korea, per capita income growth explained most of the changes in the national savings ratio during the last two decades. Savings in Korea are also significantly affected by interest...
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INFORMATION
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1989/05/31
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Document de travail de recherche sur les politiques
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WPS205
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1
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1
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2010/07/01
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What determines national savings? : a case study of Korea and the Philippines
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national saving
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