1.

Record Nr.

UNINA9910956795503321

Autore

Swiston Andrew

Titolo

What Explains Private Saving in Mexico? / / Andrew Swiston, Ales Bulir

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

9786613821713

9781462338702

1462338704

9781451996418

1451996411

9781282474185

1282474189

9781451991055

1451991053

Edizione

[1st ed.]

Descrizione fisica

1 online resource (30 p.)

Collana

IMF Working Papers

Altri autori (Persone)

BuliřAleš

Soggetti

Saving and investment - Mexico

Consumption (Economics) - Mexico

Aggregate Factor Income Distribution

Balance of payments

Currency

Current Account Adjustment

Current account deficits

Emerging and frontier financial markets

Exports and Imports

Finance

Finance: General

Financial services industry

Foreign Exchange

Foreign exchange

General Financial Markets: General (includes Measurement and Data)

Income

International economics

Macroeconomics

Macroeconomics: Consumption

Private savings

Purchasing power parity

Saving and investment

Saving



Short-term Capital Movements

Wealth

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.