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
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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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 1â2, JanuaryâMarch 2011, Pages 501-514
Journal: Economic Modelling - Volume 28, Issues 1â2, JanuaryâMarch 2011, Pages 501-514
نویسندگان
Talan B. İÅcan,