Residential College | false |
Status | 已發表Published |
Inequality and Saving: Further Evidence from Integrated Economies | |
Xinhua Gu; Bihong Huang; Pui Sun Tam; Yang Zhang | |
2015-02-01 | |
Source Publication | Review of Development Economics |
ABS Journal Level | 2 |
ISSN | 1363-6669 |
Volume | 19Issue:1Pages:15-30 |
Abstract | Renewed attention to inequality and saving has arisen owing to their pronounced implications for global imbalances and financial crises. We show that the relationship between saving and inequality is negative if savers' funds are borrowed by spending households for consumption as in the USA, but positive if saving is allocated through financial systems to investing firms for production as in China. This theoretical result is largely consistent with empirical evidence found from these two increasingly integrated economies and other related countries by estimating panel-data models. The policy implication is that inequality must be reduced in order to increase saving in the USA and other Organisation for Economic Co-operation and Development (OECD) countries and to boost consumption in China and other parts of emerging Asia. |
DOI | 10.1111/rode.12125 |
URL | View the original |
Indexed By | SSCI |
Language | 英語English |
WOS Research Area | Development Studies ; Business & Economics |
WOS Subject | Development Studies ; Economics |
WOS ID | WOS:000348874700002 |
Publisher | WILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJ USA |
Scopus ID | 2-s2.0-84921497683 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | Faculty of Business Administration DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS |
Corresponding Author | Bihong Huang |
Affiliation | Faculty of Business Administration, University of Macau, Avenida da Universidade, Taipa, Macao |
First Author Affilication | Faculty of Business Administration |
Corresponding Author Affilication | Faculty of Business Administration |
Recommended Citation GB/T 7714 | Xinhua Gu,Bihong Huang,Pui Sun Tam,et al. Inequality and Saving: Further Evidence from Integrated Economies[J]. Review of Development Economics, 2015, 19(1), 15-30. |
APA | Xinhua Gu., Bihong Huang., Pui Sun Tam., & Yang Zhang (2015). Inequality and Saving: Further Evidence from Integrated Economies. Review of Development Economics, 19(1), 15-30. |
MLA | Xinhua Gu,et al."Inequality and Saving: Further Evidence from Integrated Economies".Review of Development Economics 19.1(2015):15-30. |
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