Abstract
A major international concern in recent years has been the supposed inadequate level of world saving. This concern is likely to continue for some time, given the additional claims on resources that are likely to be entailed in any programme of restructuring in the formerly centrally-planned economies of Eastern and Central Europe and the continuing calls on capital from developing countries. Furthermore, the ageing of the population in the industrialised countries might also tend to lower saving rates in coming years. This paper attempts to give some focus to this concern by examining the trends in world saving over the last 30 years and giving some information on prospective developments.
The paper represents the views of the author and does not necessarily reflect the views of the OECD. The author is grateful for the help of various colleagues, in particular Martine Durand, John Fallon and Peter Hoeller, who were co-authors of an OECD study of savings on which this paper is partly based (Dean et Al., [4]). This paper also draws freely on the complementary work of the IMF which has also recently completed a study on national saving (Aghevu et Al., [1]). The author is also grateful to Anick Lotrous and Jackie Gardel for excellent statistical and secretarial assistance.
Advise: the numbers in square brackets refer to the Bibliography in the appendix.
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© 1993 Servizio Italiano Pubblicazioni Internazionali
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Dean, A. (1993). World Saving since 1960: Trends in Saving and its Global Allocation. In: Baldassarri, M., Paganetto, L., Phelps, E.S. (eds) World Saving, Prosperity and Growth. Central Issues in Contemporary Economic Theory and Policy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-22925-3_2
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DOI: https://doi.org/10.1007/978-1-349-22925-3_2
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