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Saving across the world : puzzles and policies (Английский)

Over the last three decades, a large and increasing divergence in saving rates occurred: they doubled in East Asia, stagnated in Latin America, and collapsed in sub-Saharan Africa. These regional saving disparities have closely reflected the respective growth performances: across world regions, higher saving rates have come with higher income growth. Against such background, this paper lays out a research agenda to address three broad questions of...
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