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来源类型Working Paper
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DOI10.3386/w16771
来源IDWorking Paper 16771
Why Are Saving Rates so High in China?
Dennis Tao Yang; Junsen Zhang; Shaojie Zhou
发表日期2011-02-10
出版年2011
语种英语
摘要In this paper, we define "The Chinese Saving Puzzle" as the persistently high national saving rate at 34-53 percent of gross domestic product (GDP) in the past three decades and a surge in the saving rate by 11 percentage points from 2000-2008. Using data from the Flow of Funds Accounts (FFA) and Urban Household Surveys (UHS) supplemented by the findings from existing studies, we analyze the sources and causes of China's high and rising saving rates in the government, corporate, and household sectors. Although the causes of China's high saving are complex, we suggest that the evolving economic, demographic, and policy trends in the internal and external environments of the Chinese economy will likely lead to a decline in national saving in the foreseeable future.
主题Microeconomics ; Behavioral Economics ; Macroeconomics ; Consumption and Investment ; Development and Growth ; Country Studies
URLhttps://www.nber.org/papers/w16771
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/574446
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Dennis Tao Yang,Junsen Zhang,Shaojie Zhou. Why Are Saving Rates so High in China?. 2011.
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