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What are the causes of the growing trend of excess savings of the corporate sector in developed countries ? an empirical analysis of three hypotheses (English)

Abstract

This paper analyzes annual accounting data for a sample of 5,000 publicly traded manufacturing firms from Germany, France, Italy, Japan, and the United Kingdom. The analysis uses data from 1997 to 2011 and finds an increasing trend of excess savings (... See More +

Details

  • Brufman, Leandro; Martinez, Lisana; Artica, Rodrigo Perez;
  • 2013/08/01
  • Policy Research Working Paper
  • WPS6571
  • 1
  • 1
  • FranceUnited KingdomJapanGermanyItaly
  • Europe and Central AsiaEast Asia and Pacific
  • 2013/08/01
  • Disclosed
  • What are the causes of the growing trend of excess savings of the corporate sector in developed countries ? an empirical analysis of three hypotheses
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