Should Latin America save more to grow faster ? (English)

A widely shared view holds that there is no policy-exploitable causal connection from saving to growth because domestic saving is fully endogenous, optimally determined, or substitutable by foreign saving. Yet, abandoning these assumptions, which are questionable in the real world of frictions, leads to three channels through which domestic saving may promote growth: a real interest rate channel, whereby saving reduces the cost of capital (the sovereign...

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Author

De La Torre,Augusto;

Ize,Alain;
Document Date
2015/08/06
Document Type
Policy Research Working Paper
Report Number
WPS7386
Volume No
1
Total Volume(s)
1
Country
Latin America,
Disclosure Date
2015/08/06
Disclosure Status
Disclosed
Doc Name
Should Latin America save more to grow faster ?
Keywords
real exchange rate

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Citation

De La Torre,Augusto; Ize,Alain.

Should Latin America save more to grow faster ? (English). Policy Research working paper|no. WPS 7386 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/201891467999380255

Should Latin America save more to grow faster ? (English)

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