The saving rate in Japan was unusually high in the 1980s. Gross saving was around 30 percent
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The saving rate in Japan was unusually high in the 1980s. Gross saving was around 30 percent of GDP.
Can such a high saving rate lead to sustained economic growth? Use the Solow-Swan model (and draw a Solow diagram) to explain your answer.
Related Book For
Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
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