Private Saving in Colombia

نویسندگان

  • Juan Ricardo Ortega
  • Adolfo Barajas
  • Enzo Croce
  • Juan Carlos Jaramillo
  • Norman Loayza
  • Eduardo Lora
چکیده

The aim of this paper is to understand the determinants of private saving in Colombia and to evaluate the main hypothesis of the sharp decline in the private saving rate observed in the 1990s.There are three main results. First, the fall of the private saving rate had little impact on the level and composition of aggregate demand. Second, total private saving is not determined by corporate behavior. Third, the recent decline of private saving cannot be entirely explained by tax increases. JEL Classification Numbers: E21, H3

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تاریخ انتشار 1998