Question
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
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.
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A high saving rate can contribute to sustained economic growth in the SolowSwan model The SolowSwan ...
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
