Abstract We estimate the relationship between GDP per capita growth and rate of national saving using a panel 130 countries over period 1960–2017. find that increases (decreases) in poor (rich countries), higher credit-to-GDP ratio decreases as well income elasticity rate. develop model with credit constraint to explain growth-saving by behavior entrepreneurs at both intensive extensive margins...

The lattice gas automaton (LGA) is proposed for a closed economic market of agents with heterogeneous saving interests. There are two procedures in the standard LGA, i.e. “propagation” + “transaction”. If propagation step removed and transaction conducted among all agents, LGA reduces to more simplified kinetic model. In addition, dealing rules imposed on phase. Under Rule I, trading volume dep...

With the improvement of China’s economic strength, energy consumption public buildings is continually increasing, notably for hotels. The consumptin a hotel accounts more than 15% its revenue, and average per floor area 10 times that urban residents. Therefore, energy-saving retrofit existing hotels imperative. This study investigates evaluation methods projects, constructs an model using cost-...

Can a country grow faster by saving more? We address this question both theoretically and empirically. In our model, growth results from innovations that allow local sectors to catch up with the frontier technology. In relatively poor countries, catching up with the frontier requires the involvement of a foreign investor, who is familiar with the frontier technology, together with effort on the...

We contribute to the understanding of marine reserves and the management of renewable resources with uncertainty. We show that the key benefit of reserves is that they increase resilience, or the speed it takes a population to return to a former state following a negative shock. Resilience can also increase resource rents even with optimal harvesting. We contradict the accepted wisdom that rese...

This paper reports a new four-dimensional energy-saving and emission-reduction chaotic system. The system is obtained in accordance with the complicated relationship between energy saving and emission reduction, carbon emission, economic growth, and new energy development. The dynamics behavior of the system will be analyzed by means of Lyapunov exponents and equilibrium points. Linear feedback...

In 1981, personal saving in the United States was $106.6 billion, or 4.4 percent of personal income? Net corporate saving, as defined by undistributed profits net of estimated economic depreciation, was $49.5 billion, or 44.0 percent of after-tax corporate profits? Thus, net private saving was just 6.0 percent of net national product, which was $2.6 trillion. This level of savings is low by his...