Saving, Investment, and Current Account Surplus in Developing Asia

摘要: An integral part of global current account imbalances is the large and persistent surplus developing Asia has run since 1997–1998 Asian crisis. A country’s is, by definition, equal to its net saving. The central objective this paper investigate extent which saving investment rate countries can be explained underlying fundamental determinants such as gross domestic product growth demographic factors. Our empirical analysis yields two key findings. First, we find stronger evidence oversaving than underinvestment in region. Second, overinvestment prior crisis after This suggests that rebalancing toward sources lies promoting consumption rather investment.