Savings in Latin America after the mid 1990s: determinants, constraints and policies

Includes bibliography

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Detalles Bibliográficos
Autor principal:	Gutiérrez, Mario A.
Otros Autores:	NU. CEPAL. División de Desarrollo Económico
Formato:	Texto
Lenguaje:	English
Publicado:	ECLAC 2014
Materias:	AHORROS CRECIMIENTO ECONOMICO EMPRESAS COMERCIALES INDICADORES ECONOMICOS INSTITUCIONES FINANCIERAS INVERSIONES POLITICA ECONOMICA SISTEMAS MONETARIOS RECURSOS FINANCIEROS BUSINESS ENTERPRISES ECONOMIC GROWTH ECONOMIC INDICATORS ECONOMIC POLICY FINANCIAL INSTITUTIONS INVESTMENTS SAVINGS MONETARY SYSTEMS FINANCIAL RESOURCES
Acceso en línea:	http://hdl.handle.net/11362/5424
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spelling	oai-11362-54242020-03-06T16:50:27Z Savings in Latin America after the mid 1990s: determinants, constraints and policies Gutiérrez, Mario A. NU. CEPAL. División de Desarrollo Económico AHORROS CRECIMIENTO ECONOMICO EMPRESAS COMERCIALES INDICADORES ECONOMICOS INSTITUCIONES FINANCIERAS INVERSIONES POLITICA ECONOMICA SISTEMAS MONETARIOS RECURSOS FINANCIEROS BUSINESS ENTERPRISES ECONOMIC GROWTH ECONOMIC INDICATORS ECONOMIC POLICY FINANCIAL INSTITUTIONS INVESTMENTS SAVINGS MONETARY SYSTEMS FINANCIAL RESOURCES Includes bibliography National savings and growth in Latin America have remained low in the 1990s and 2000s. The low level of national savings rates has forced Latin American countries to depend on foreign savings to finance investment and growth, which compounds the challenges for raising investment and growth prospects. This study extends the research on savings in three different dimensions: (1) in a time perspective, it extend the analysis on savings to the most recent years: we examine the period 1990-2003: (2) it examines the causality between savings, investment, and growth mostly uncovered in previous research on savings in Latin America; and (3) it examines the role of enterprises in the generation of national savings for several Latin American countries. We take a sample of nine Latin American countries. Our evidence showed that the main results found in the 1970s, 1980s and early 1990s regarding the factors associated with national savings also hold in the period 1990-2003. However, we found no evidence of association between national savings and the level of income (per capita GDP), dependency ratio, domestic interest rates, terms of trade, and income distribution. The relatively smaller size of our panel may explain the lack of correlation found in the cases of the income level and dependency ratio. The lack of correlation between national savings and the interest rates, terms of trade, and income distribution is in line with the ambiguous evidence found in the literature. Our evidence suggests a mutual causality between national savings and growth. Our results also suggest that households and the government appear to internalize the savings of enterprises. Further research aimed at compiling disaggregated series for the savings of households, enterprises, and the government would be required, however, to reach more definitive conclusions and policy implications. 2014-01-02T16:11:57Z 2014-01-02T16:11:57Z 2007-01 Texto Documento Completo 9789211216226 http://hdl.handle.net/11362/5424 LC/L.2662-P en Serie Macroeconomía del Desarrollo 57 application/pdf AMERICA LATINA LATIN AMERICA ECLAC
institution	Cepal
collection	Cepal
language	English
topic	AHORROS CRECIMIENTO ECONOMICO EMPRESAS COMERCIALES INDICADORES ECONOMICOS INSTITUCIONES FINANCIERAS INVERSIONES POLITICA ECONOMICA SISTEMAS MONETARIOS RECURSOS FINANCIEROS BUSINESS ENTERPRISES ECONOMIC GROWTH ECONOMIC INDICATORS ECONOMIC POLICY FINANCIAL INSTITUTIONS INVESTMENTS SAVINGS MONETARY SYSTEMS FINANCIAL RESOURCES
spellingShingle	AHORROS CRECIMIENTO ECONOMICO EMPRESAS COMERCIALES INDICADORES ECONOMICOS INSTITUCIONES FINANCIERAS INVERSIONES POLITICA ECONOMICA SISTEMAS MONETARIOS RECURSOS FINANCIEROS BUSINESS ENTERPRISES ECONOMIC GROWTH ECONOMIC INDICATORS ECONOMIC POLICY FINANCIAL INSTITUTIONS INVESTMENTS SAVINGS MONETARY SYSTEMS FINANCIAL RESOURCES Gutiérrez, Mario A. Savings in Latin America after the mid 1990s: determinants, constraints and policies
description	Includes bibliography
author2	NU. CEPAL. División de Desarrollo Económico
author_facet	NU. CEPAL. División de Desarrollo Económico Gutiérrez, Mario A.
format	Texto
author	Gutiérrez, Mario A.
author_sort	Gutiérrez, Mario A.
title	Savings in Latin America after the mid 1990s: determinants, constraints and policies
title_short	Savings in Latin America after the mid 1990s: determinants, constraints and policies
title_full	Savings in Latin America after the mid 1990s: determinants, constraints and policies
title_fullStr	Savings in Latin America after the mid 1990s: determinants, constraints and policies
title_full_unstemmed	Savings in Latin America after the mid 1990s: determinants, constraints and policies
title_sort	savings in latin america after the mid 1990s: determinants, constraints and policies
publisher	ECLAC
publishDate	2014
url	http://hdl.handle.net/11362/5424
work_keys_str_mv	AT gutierrezmarioa savingsinlatinamericaafterthemid1990sdeterminantsconstraintsandpolicies
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Savings in Latin America after the mid 1990s: determinants, constraints and policies

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