Arbeitspapier
Saving and growth in an open economy
Concern has been raised by an apparent lack of saving in New Zealand. It is often argued that policies which foster savings are important, as higher savings will contribute to higher economic growth. This paper investigates the link between saving, investment and growth. In particular, it focuses on issues potentially important in an open economy such as New Zealand. Theory predicts that increased total saving will lead to higher investment and output. In an open economy, total saving comprises saving by domestic agents (government, firms and households) plus foreign saving. Diversified portfolios, large inflows of foreign investment into New Zealand and investment rates comparable to those in other OECD countries suggest that New Zealand, so far, has been able to access foreign saving to meet investment demands. Domestic saving does not appear to have constrained investment and hence growth.
- Sprache
-
Englisch
- Erschienen in
-
Series: New Zealand Treasury Working Paper ; No. 01/32
- Klassifikation
-
Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
Investment; Capital; Intangible Capital; Capacity
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- Thema
-
Economic growth
saving
capital flows
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Claus, Iris
Haugh, David
Scobie, Grant
Tornquist, Jonas
- Ereignis
-
Veröffentlichung
- (wer)
-
New Zealand Government, The Treasury
- (wo)
-
Wellington
- (wann)
-
2001
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Claus, Iris
- Haugh, David
- Scobie, Grant
- Tornquist, Jonas
- New Zealand Government, The Treasury
Entstanden
- 2001
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