The Japanese Saving Rate
用标准增长模型和日本实际全要素生产率增长率,解释了1956-2000年间日本与美国储蓄率的差异,对研究储蓄行为的经济学者有参考价值。
Despite much work, economists have not been able to quantitatively account for the differences in the Japanese and U.S. saving rates after World War II. In this paper, we show that the use of actual Japanese total factor productivity growth rates in a standard growth model generates saving rates that are reasonably similar to the Japanese data between 1956 and 2000.