Saving Rates in Latin America: A Neoclassical Perspective
This paper examines the time path of saving rates between 1970 and 2010 in Chile, Colombia, and Mexico through the lens of the neoclassical growth model. The findings indicate that two factors, the growth rate of TFP and fiscal policy, are able to account for some of the major fluctuations in saving...
- Autores:
-
Fernández, Andrés
Ayse, Imrohoro˘glu
Tamayo, Cesar E
- Tipo de recurso:
- Fecha de publicación:
- 2019
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- spa
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/13834
- Acceso en línea:
- http://hdl.handle.net/10784/13834
- Palabra clave:
- Total factor productivity
Saving rate
Latin America.
- Rights
- License
- Acceso abierto
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Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees2019-09-03T22:16:28Z2019-07-032019-09-03T22:16:28Zhttp://hdl.handle.net/10784/13834E21O47This paper examines the time path of saving rates between 1970 and 2010 in Chile, Colombia, and Mexico through the lens of the neoclassical growth model. The findings indicate that two factors, the growth rate of TFP and fiscal policy, are able to account for some of the major fluctuations in saving rates observed during this period. In particular, we find that the model accounts for the low saving rates in Chile compared to Colombia until the late 1980s and the reversal in the saving rates thereafter. Also, a combination of high TFP growth and tax reforms that substantially reduced capital taxation seems to be responsible for the impressive increase in Chile’s saving rate in mid 1980s.spaUniversidad EAFITEscuela de Economía y FinanzasSaving Rates in Latin America: A Neoclassical PerspectiveworkingPaperinfo:eu-repo/semantics/workingPaperDocumento de trabajo de investigacióndrafthttp://purl.org/coar/version/c_b1a7d7d4d402bccehttp://purl.org/coar/resource_type/c_8042Acceso abiertohttp://purl.org/coar/access_right/c_abf2Total factor productivitySaving rateLatin America.ctamayot@eafit.edu.coFernández, AndrésAyse, Imrohoro˘gluTamayo, Cesar ELICENSElicense.txtlicense.txttext/plain; charset=utf-82556https://repository.eafit.edu.co/bitstreams/8ef1fb2a-914d-4550-b985-ff3d618f7f2a/download76025f86b095439b7ac65b367055d40cMD51ORIGINALWP_2019_12_Andres Fernandez_Ayse Imrohoroglu_Cesar_E_Tamayo.pdfWP_2019_12_Andres Fernandez_Ayse Imrohoroglu_Cesar_E_Tamayo.pdfWorking paperapplication/pdf741000https://repository.eafit.edu.co/bitstreams/27ec8e2a-b052-446f-80f0-14bdf7b79a95/download46756fa10ef2c6f9361b7e6868bc548aMD5210784/13834oai:repository.eafit.edu.co:10784/138342024-03-05 14:06:05.151open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co |
| dc.title.eng.fl_str_mv |
Saving Rates in Latin America: A Neoclassical Perspective |
| title |
Saving Rates in Latin America: A Neoclassical Perspective |
| spellingShingle |
Saving Rates in Latin America: A Neoclassical Perspective Total factor productivity Saving rate Latin America. |
| title_short |
Saving Rates in Latin America: A Neoclassical Perspective |
| title_full |
Saving Rates in Latin America: A Neoclassical Perspective |
| title_fullStr |
Saving Rates in Latin America: A Neoclassical Perspective |
| title_full_unstemmed |
Saving Rates in Latin America: A Neoclassical Perspective |
| title_sort |
Saving Rates in Latin America: A Neoclassical Perspective |
| dc.creator.fl_str_mv |
Fernández, Andrés Ayse, Imrohoro˘glu Tamayo, Cesar E |
| dc.contributor.eafitauthor.none.fl_str_mv |
ctamayot@eafit.edu.co |
| dc.contributor.author.none.fl_str_mv |
Fernández, Andrés Ayse, Imrohoro˘glu Tamayo, Cesar E |
| dc.subject.keyword.spa.fl_str_mv |
Total factor productivity Saving rate Latin America. |
| topic |
Total factor productivity Saving rate Latin America. |
| description |
This paper examines the time path of saving rates between 1970 and 2010 in Chile, Colombia, and Mexico through the lens of the neoclassical growth model. The findings indicate that two factors, the growth rate of TFP and fiscal policy, are able to account for some of the major fluctuations in saving rates observed during this period. In particular, we find that the model accounts for the low saving rates in Chile compared to Colombia until the late 1980s and the reversal in the saving rates thereafter. Also, a combination of high TFP growth and tax reforms that substantially reduced capital taxation seems to be responsible for the impressive increase in Chile’s saving rate in mid 1980s. |
| publishDate |
2019 |
| dc.date.available.none.fl_str_mv |
2019-09-03T22:16:28Z |
| dc.date.issued.none.fl_str_mv |
2019-07-03 |
| dc.date.accessioned.none.fl_str_mv |
2019-09-03T22:16:28Z |
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workingPaper info:eu-repo/semantics/workingPaper |
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http://purl.org/coar/version/c_b1a7d7d4d402bcce |
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http://purl.org/coar/resource_type/c_8042 |
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Documento de trabajo de investigación |
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draft |
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http://hdl.handle.net/10784/13834 |
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E21 O47 |
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http://hdl.handle.net/10784/13834 |
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E21 O47 |
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spa |
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spa |
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Acceso abierto |
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Acceso abierto http://purl.org/coar/access_right/c_abf2 |
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Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees |
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Universidad EAFIT |
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Escuela de Economía y Finanzas |
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Universidad EAFIT |
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