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dc.contributor.authorMakin, Tonyen_US
dc.contributor.authorNarayan, Paresh Kumaren_US
dc.contributor.editorProfessor Paul Milleren_US
dc.date.accessioned2017-04-24T09:17:26Z
dc.date.available2017-04-24T09:17:26Z
dc.date.issued2009en_US
dc.date.modified2010-06-23T05:25:13Z
dc.identifier.issn00130249en_US
dc.identifier.doi10.1111/j.1475-4932.2009.00583.xen_AU
dc.identifier.urihttp://hdl.handle.net/10072/29519
dc.description.abstractOver the past decade international policy-makers have perceived the current account deficit of the world's largest foreign borrower economy, the United States, as a threat to global economic and financial stability. Yet, by bridging the US domestic saving-investment gap, capital inflow that matched the huge US current account deficit also enabled a faster rate of domestic capital accumulation than home saving alone would have permitted. Consistent with the theory of international capital movements, this study identifies and compares the respective contributions of domestic and foreign saving to US gross domestic product per worker over the two decades prior to the onset of the US banking crisis. By revealing that foreign borrowing contributed significantly to raising US output and hence living standards over this period, it adds a new dimension to the debate about global imbalances.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherWiley-Blackwell Publishing Asiaen_US
dc.publisher.placeAustraliaen_US
dc.publisher.urihttp://www.wiley.com/bw/permis.asp?ref=0013-0249&site=1en_AU
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefromS2en_US
dc.relation.ispartofpagetoS9en_US
dc.relation.ispartofissueSpecial Issueen_US
dc.relation.ispartofjournalThe Economic Recorden_US
dc.relation.ispartofvolume85en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchInternational Economics and International Financeen_US
dc.subject.fieldofresearchcode140210en_US
dc.titleHas International Trade in Saving Improved US Economic Welfare?en_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.date.issued2009
gro.hasfulltextNo Full Text


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