Further, the saving rate in many Asian countries is high because of insufficient social security and other factors.
ここで、β=資本/所得比率、s=貯蓄率、g=成長率である。
Where β= the capital/income ration, s= savings rate, and g= growth rate..
これまで、生産年齢人口が増え続けてきただけでなく、若者が中心の社会においては貯蓄率も高かった。
Hitherto, not only has the working-age population continued to increase, but also the savings rate has remained high in a society centering on young people.
And the real long-term interest rate equalized at home and abroad would be determined depending on the savings rate and marginal efficiency of investment worldwide.
The recently released annual revision of GDP data showed the saving rate for the April-June quarter increasing to 6.0 percent; the 3.9 percent in the pre-revision data rose to 6.2 percent in the post-revision data.
The recent rise in world savings rate means a rise in savings rate in emerging countries and oil-producing countries and it is highly likely that has been putting downward pressure on interest rates worldwide.
The member continued that an increase in the saving rate would be a positive change from a longer-term perspective, but in the short term its negative effects on the economy would be cause for concern.
Savings rate A simple life-cycle hypothesis suggests that, in an aging society, the savings rate would decline steeply, with a consequential lower growth rate..
With weakening demand from China(the biggest export destination accounting for 30% of total exports) the sustained high savings rate and lackluster investor confidence the Australian economy faces challenges ahead.
Although the ratio could also signify the level of domestic savings rate, we have found that its power of explanation, if included in explaining variables, is weak and that accumulative current account has almost no effect on each country's real long-term interest rates..
To arrive at such a conclusion, Piketty is defining(page 174) the saving rate s to be the ratio of net investment to net income, where“net” here refers to net of depreciation.
These indicators are(i) public debt and fiscal deficits; and private savings rate and private debt(ii) and the external imbalance composed of the trade balance and net investment income flows and transfers, whilst taking due consideration of exchange rate, fiscal, monetary and other policies.
Growing population, a larger labor force, access to advanced countries' best practice production methods, higher productivity as a result, high saving rates, and quite high investment combined, their GDPs and incomes per capita will definitely grow high.
Adjustments are currently being made gradually in the housing market in the United States and Europe, and the saving rate of households in the United States has recently started rising, indicating that there is progress toward reducing excesses in consumption and debt.
With weakening resources demand growth from China- the biggest export destination accounting for 30% of total exports- and the sustained high savings rate and lackluster investment sentiment, there are certain challenges to the Australian economy ahead.
Then the world wars, low saving rates, and a number of anti-capital policies provoked a large drop in private wealth, from six to seven times national income to about two times in the aftermath of World War II.
A more plausible and standard assumption(though one that can still easily be improved on further if one thinks of the saving decision as the outcome of some kind of rational calculation) would be that the gross saving rate s* is constant.
In the Japan of the future where a decline in the working population and reduction in the rate of savings are unavoidable as a consequence of progress in decreasing birthrates and an aging population, the most important policy issue will be determining how to maintain economic viability.
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