1.

Record Nr.

UNINA9910808813303321

Autore

Bulir Ales

Titolo

What explains private saving in Mexico? / / prepared by Ales Bulir and Andrew Swiston

Pubbl/distr/stampa

[Washington, D.C.], : International Monetary Fund, c2006

ISBN

1-4623-3870-4

1-4519-9641-1

1-282-47418-9

1-4519-9105-3

9786613821713

Edizione

[1st ed.]

Descrizione fisica

1 online resource (30 p.)

Collana

IMF working paper ; ; WP/06/191

Altri autori (Persone)

SwistonA (Andrew James)

Soggetti

Saving and investment - Mexico

Consumption (Economics) - Mexico

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"August 2006".

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. GROWTH, SAVING, AND INVESTMENT IN AN EMERGING MARKET ECONOMY""; ""III. THE MEASUREMENT OF PRIVATE SAVING""; ""IV. CROSS-COUNTRY EVIDENCE""; ""V. TIME-SERIES EVIDENCE FOR MEXICO""; ""VI. MEXICO�S SAVING: WHICH WAY DOES THE CAUSALITY GO?""; ""VII. CONCLUSIONS""; ""REFERENCES""

Sommario/riassunto

This paper examines the factors influencing Mexico's private saving rate. Cross-country analysis finds that Mexico's private saving is somewhat higher than could be explained by its fundamentals, but lower than in the average country in the sample. This analysis suggests that Mexico's greater reliance on external saving, its relatively high population dependency ratio, and its less developed financial system have been the main factors holding back private saving. Time-series analysis finds that movements in private saving have not been associated with similar shifts in investment, as changes in public saving and external saving have tended to offset movements in private saving. This is consistent with the direction of causality being from investment to saving and suggests that policy measures should focus on creating



conditions favorable to increased investment.