The interest elasticity of savings in developing countries: The existing evidence

作者: Alberto Giovannini

DOI: 10.1016/0305-750X(83)90005-0

关键词:

摘要: Abstract This paper presents a critical analysis of some the most recent empirical work on interest elasticity savings in developing economies, supported by set results. The argues that: (a) real is not easily detected using existing models, which generally yield insignificant rate parameters seventies; (b) models suffer from serious defects that make if very difficult to interpret estimated parameters.

参考文章(12)
Robert Shiller, Rational expectations and the dynamic structure of macroeconomic models: A critical review Journal of Monetary Economics. ,vol. 4, pp. 1- 44 ,(1978) , 10.3386/W0093
Thomas E. Weisskopf, The impact of foreign capital inflow on domestic savings in underdeveloped countries Journal of International Economics. ,vol. 2, pp. 25- 38 ,(1972) , 10.1016/0022-1996(72)90043-8
John F. Muth, Optimal Properties of Exponentially Weighted Forecasts Journal of the American Statistical Association. ,vol. 55, pp. 299- 306 ,(1960) , 10.1080/01621459.1960.10482064
Maxwell J. Fry, Saving, investment, growth and the cost of financial repression World Development. ,vol. 8, pp. 317- 327 ,(1980) , 10.1016/0305-750X(80)90030-3
Thomas J. Sargent, Robert E. Lucas, Rational Expectations and Econometric Practice ,(1981)
Jeffrey D. Sachs, Richard N. Cooper, Stanley Fischer, The Current Account and Macroeconomic Adjustment in the 1970s Brookings Papers on Economic Activity. ,vol. 1981, pp. 201- 282 ,(1981) , 10.2307/2534399
M.J. Fry, Money and Capital or Financial Deepening in Economic Developments Journal of Money, Credit and Banking. ,vol. 10, pp. 107- 113 ,(1978) , 10.1016/B978-0-08-024041-1.50014-4