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dc.contributor.authorMakin, AJ
dc.contributor.editorRyuzo Sato
dc.date.accessioned2017-05-03T12:19:22Z
dc.date.available2017-05-03T12:19:22Z
dc.date.issued2002
dc.date.modified2007-10-23T07:16:02Z
dc.identifier.issn0922-1425
dc.identifier.urihttp://hdl.handle.net/10072/15402
dc.description.abstractThis paper proposes an alternative geometric framework for analysing the inter-relationship between domestic saving, productivity and income determination in discrete time. The framework provides a means of understanding how low saving economies like the United States sustained high growth rates in the 1990's whereas high saving Japan did not. It also illustrates how the causality between saving and economic activity runs both ways and that discrete changes in national output and income depend on both current and previous accumulation behaviour. The open economy analogue reveals how international capital movements can create external account imbalances that enhance income growth for both borrower and lender economies.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherElsevier
dc.publisher.placeNew York
dc.relation.ispartofpagefrom233
dc.relation.ispartofpageto241
dc.relation.ispartofissue2
dc.relation.ispartofjournalJapan and the World Economy
dc.relation.ispartofvolume14
dc.subject.fieldofresearchEconomic theory
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchEconometrics
dc.subject.fieldofresearchcode3803
dc.subject.fieldofresearchcode3801
dc.subject.fieldofresearchcode3802
dc.titleSaving, productivity and national income: a discrete-time geometric framework
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.date.issued2002
gro.hasfulltextNo Full Text
gro.griffith.authorMakin, Tony J.


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