Private Saving in Colombia:
This paper studies the main determinants of the sharp decline in Colombia's private saving rate which accompanied the steep deterioration of the country's external current account deficit in the 1990s. The paper rejects current arguments pointing to a consumption boom and corporate behavio...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1998
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Schriftenreihe: | IMF Working Papers
Working Paper No. 98/171 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper studies the main determinants of the sharp decline in Colombia's private saving rate which accompanied the steep deterioration of the country's external current account deficit in the 1990s. The paper rejects current arguments pointing to a consumption boom and corporate behavior as the main causes of the decline. It concludes that: private consumption, explained mainly by permanent income, has only increased moderately in the 1990s; household behavior-not corporate behavior-determines private saving; and tax increases do not entirely explain the fall of private saving. Thus, reliance on external saving could be reduced by increasing public saving |
Beschreibung: | 1 Online-Ressource (34 p) |
ISBN: | 1451858477 9781451858471 |
Internformat
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spelling | Ortega, Juan Ricardo Verfasser aut Private Saving in Colombia Ortega, Juan Ricardo Washington, D.C International Monetary Fund 1998 1 Online-Ressource (34 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 98/171 This paper studies the main determinants of the sharp decline in Colombia's private saving rate which accompanied the steep deterioration of the country's external current account deficit in the 1990s. The paper rejects current arguments pointing to a consumption boom and corporate behavior as the main causes of the decline. It concludes that: private consumption, explained mainly by permanent income, has only increased moderately in the 1990s; household behavior-not corporate behavior-determines private saving; and tax increases do not entirely explain the fall of private saving. Thus, reliance on external saving could be reduced by increasing public saving Online-Ausg López Mejía, Alejandro Sonstige oth http://elibrary.imf.org/view/IMF001/05426-9781451858471/05426-9781451858471/05426-9781451858471.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Ortega, Juan Ricardo Private Saving in Colombia |
title | Private Saving in Colombia |
title_auth | Private Saving in Colombia |
title_exact_search | Private Saving in Colombia |
title_exact_search_txtP | Private Saving in Colombia |
title_full | Private Saving in Colombia Ortega, Juan Ricardo |
title_fullStr | Private Saving in Colombia Ortega, Juan Ricardo |
title_full_unstemmed | Private Saving in Colombia Ortega, Juan Ricardo |
title_short | Private Saving in Colombia |
title_sort | private saving in colombia |
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