منابع مشابه
Does China save and Invest Too Much ?
China’s current saving and investment levels are extraordinary— both in terms of its own history, but also by comparison with the current and historical experience of high-saving countries like Japan. The International Monetary Fund’s 2005 World Economic Outlook places China’s gross saving at 50 percent of GDP with gross capital formation, not far behind, at 45 percent of GDP (IMF 2005: 96–97)....
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Niemi (1969), in an important but neglected paper, found that when orderings were drawn from a simulation based on the impartial culture, the greater the proportion of voter orderings that were single-peaked (a condition he called partial single-peakedness), the more likely was there to be a transitive group ordering. Niemi also found that the likelihood of transitivity increased with n, group ...
متن کاملWhy Does Inventory Investment Fluctuate So Much During Contractions
Inventory investment appears to have a significant impact on the movement of aggregate output during business cycle contractions. Recent empirical evidence has raised doubts about the often used assumption of a bufferstock/production-smoothing motivation for inventory. Work by Blinder and Maccini suggests that the use of an (S,s), or intermittent adjustment decision rule, better explains the st...
متن کاملWhy do we love medicines so much?
Humans love medicinal drugs; we cannot get enough. Worldwide, the amount of money spent on medicines annually is growing exponen tially and is expected to reach around uS$1 trillion in 2012. So far, there has been no satisfactory explanation for human ‘pharmo philia’, our powerful trop ism to medicines. Most studies that have attempted to provide an explanation have focused on classical suppl...
متن کاملWhy Do Chinese Households Save So Much?
Using a dataset that covers 5 decades (1960–2009), we show that the main determinants of China's household savings rate are disposable income (measured by its reciprocal) and the old-age dependency rate. The income growth rate and young age dependency rate have a limited role. Our findings support the Keynesian saving hypothesis instead of Modigliani’s life cycle hypothesis, although precaution...
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ژورنال
عنوان ژورنال: Asian Economic Papers
سال: 2010
ISSN: 1535-3516,1536-0083
DOI: 10.1162/asep_a_00030