کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5055812 1476539 2011 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Productivity growth and the U.S. saving rate
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Productivity growth and the U.S. saving rate
چکیده انگلیسی

Over the last half century, the saving rate in the United States exhibited significant variations. In this paper, I examine whether a general equilibrium model that allows for shifts in the growth rate of total factor productivity can account for these variations. The model generates significant medium-run variations in the U.S. saving rate, and establishes a link between episodes of productivity growth slowdowns or accelerations and the saving rate-two concepts that have often been treated in isolation. While a productivity-growth based explanation is able to account for broader trends in the rising consumption-income ratio from about 1980 to 2000, there are other episodes during which the model is less successful.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 28, Issues 1–2, January–March 2011, Pages 501-514
نویسندگان
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