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Mexico - Mobilizing savings for growth : Summary report (English)

This report analyzes the causes of Mexico's relatively low savings rate, especially the decline since the mid-1980s, and develops a set of policy recommendations to improve Mexico's savings performance. The report is in two volumes. Volume I provides a summary of the report's findings and recommendations, and Volume II presents the detailed analysis. There are six papers in all. The first paper analyzes the causes of the substantial drop in Mexico's national savings rate between the mid 1980s and early 1990s. The second paper contains a detailed quantitative analysis of the determinants of private savings. The third paper discusses the role of tax policy in promoting private savings and investment. The fourth paper discusses issues relating to making the financial and capital markets play a stronger role in mobilizing savings and allocating them efficiently. The fifth paper focuses on the role of pension reform in the mobilization of savings. Finally, the sixth paper evaluates the small savings schemes currently available in Mexico, ranging from formal to non-formal.

Details

  • Document Date

    1997/12/23

  • Document Type

    Pre-2003 Economic or Sector Report

  • Report Number

    16373

  • Volume No

    1

  • Total Volume(s)

    2

  • Country

    Mexico,

  • Region

    Latin America & Caribbean,

  • Disclosure Date

    2010/07/01

  • Disclosure Status

    Disclosed

  • Doc Name

    Summary report

  • Keywords

    private saving;public saving;national saving rate;pension reform;fiscal cost;pension system;prudential regulation and supervision;real exchange rate appreciation;local government revenue mobilization;growth in tax revenue;negative real interest rate;liberalization of financial market;external current account deficit;public sector financial balance;weaknesses in tax administration;portfolio capital inflow;private sector worker;competitive exchange rate;private saving rate;private pension fund;banking system;fiscal adjustment;Tax Reform;Exchange Rates;government financial institution;capital market development;reliance on foreign;foreign capital inflow;public sector budget;public sector worker;Macroeconomic Stability;fiscal position;financial crisis;effects of shocks;volatility of capital;taxation of investment;tight fiscal position;international capital market;value added tax;Special Purpose Vehicle;total factor productivity;pension fund investment;domestic interest rate;domestic investment rate;foreign direct investment;inflow of capital;domestic saving rate;bank lending policy;domestic financial market;target growth rate;volatile capital flows;gross domestic investment;gdp growth rate;growth and development;effective tax rate;individual income tax;accumulation of savings;higher consumption tax;allocation of saving;public policy instrument;target income support;corporate income tax;expenditure management process;personal income taxation;statutory income tax;source of revenue;initial capital cost;standard vat rate;fundamental tax reform;Local Government Finance;public education campaign;housing finance institution;social security system;bank restructuring program;debt management policy;social security reform;Exchange rate policies;exchange rate policy;tax on consumption;financial sector liberalization;pension system reform;individual savings accounts;decrease in tax;real estate investment;Labor Market Flexibility;mobilization of revenues;financial intermediation activities;domestic financial system;domestic capital formation;competitive financial market;stock market index;government development bank;rural bank branch;small savings schemes;Capital Inflows;asset market;tax system;Property tax;alternative measure;productivity growth;fiscal deficit;external capital;

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Citation

Mexico - Mobilizing savings for growth : Summary report (English). World Development Sources, WDS 1998-1 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/466991468761398343/Summary-report