Savings in Latin America after the mid 1990s: determinants, constraints and policies

Vista sencilla de Ć­tem
cepal.bibLevelDocumento Completo
cepal.callNumberINT UN/EC 65(57/2007)
cepal.callNumberLC/L.2662-P
cepal.divisionEngEconomic Development Division
cepal.divisionSpaDivisiĆ³n de Desarrollo EconĆ³mico
cepal.docTypeSeries
cepal.idSade27899
cepal.jobNumberS0700037 E
cepal.physicalDescriptiongrƔficos, tablas
cepal.regionalOfficeSantiago
cepal.saleNumber07.II.G.13
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicEngSAVING
cepal.topicEngINVESTMENT
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.topicSpaAHORRO
cepal.topicSpaINVERSIƓN
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSTATISTICS
cepal.workareaSpaDESARROLLO ECONƓMICO
cepal.workareaSpaESTADƍSTICAS
dc.contributor.authorGutiƩrrez, Mario A.
dc.contributor.entityNU. CEPAL. DivisiĆ³n de Desarrollo EconĆ³mico
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialSpaAMERICA LATINA
dc.date.accessioned2014-01-02T16:11:57Z
dc.date.available2014-01-02T16:11:57Z
dc.date.issued2007-01
dc.descriptionIncludes bibliography
dc.description.abstractNational savings and growth in Latin America have remained low in the 1990s and 2000s. The low level of national savings rates has forced Latin American countries to depend on foreign savings to finance investment and growth, which compounds the challenges for raising investment and growth prospects. This study extends the research on savings in three different dimensions: (1) in a time perspective, it extend the analysis on savings to the most recent years: we examine the period 1990-2003: (2) it examines the causality between savings, investment, and growth mostly uncovered in previous research on savings in Latin America; and (3) it examines the role of enterprises in the generation of national savings for several Latin American countries. We take a sample of nine Latin American countries. Our evidence showed that the main results found in the 1970s, 1980s and early 1990s regarding the factors associated with national savings also hold in the period 1990-2003. However, we found no evidence of association between national savings and the level of income (per capita GDP), dependency ratio, domestic interest rates, terms of trade, and income distribution. The relatively smaller size of our panel may explain the lack of correlation found in the cases of the income level and dependency ratio. The lack of correlation between national savings and the interest rates, terms of trade, and income distribution is in line with the ambiguous evidence found in the literature. Our evidence suggests a mutual causality between national savings and growth. Our results also suggest that households and the government appear to internalize the savings of enterprises. Further research aimed at compiling disaggregated series for the savings of households, enterprises, and the government would be required, however, to reach more definitive conclusions and policy implications.
dc.formatTexto
dc.format.extent65 pƔginas.
dc.format.mimetypeapplication/pdf
dc.identifier.isbn9789211216226
dc.identifier.unSymbolLC/L.2662-P
dc.identifier.urihttps://hdl.handle.net/11362/5424
dc.language.isoeng
dc.physicalDescription65 p. : grƔfs., tabls.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesSerie MacroeconomĆ­a del Desarrollo
dc.relation.isPartOfSeriesNo57
dc.rights.coarDisponible
dc.subject.unbisEngBUSINESS ENTERPRISES
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngECONOMIC INDICATORS
dc.subject.unbisEngECONOMIC POLICY
dc.subject.unbisEngFINANCIAL INSTITUTIONS
dc.subject.unbisEngINVESTMENTS
dc.subject.unbisEngSAVINGS
dc.subject.unbisEngMONETARY SYSTEMS
dc.subject.unbisEngFINANCIAL RESOURCES
dc.subject.unbisSpaAHORROS
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaEMPRESAS COMERCIALES
dc.subject.unbisSpaINDICADORES ECONOMICOS
dc.subject.unbisSpaINSTITUCIONES FINANCIERAS
dc.subject.unbisSpaINVERSIONES
dc.subject.unbisSpaPOLITICA ECONOMICA
dc.subject.unbisSpaSISTEMAS MONETARIOS
dc.subject.unbisSpaRECURSOS FINANCIEROS
dc.titleSavings in Latin America after the mid 1990s: determinants, constraints and policies
dc.type.coarlibro
dspace.entity.typePublication
relation.isAuthorOfPublication5c94612f-c693-4f09-bd42-6e1b197f154a
relation.isAuthorOfPublication.latestForDiscovery5c94612f-c693-4f09-bd42-6e1b197f154a
Descargar
Bloque original
Mostrando 1 - 1 de 1
Miniatura
Nombre:
S0700037_en.pdf
TamaƱo:
463.45 KB
Formato:
Adobe Portable Document Format
DescripciĆ³n:
Document in English
Descargar
Colecciones
MacroeconomĆ­a del Desarrollo