Holdings: Private Saving in Colombia

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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Bibliographic Details
Main Author:	Ortega, Juan Ricardo (Author)
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C International Monetary Fund 1998
Series:	IMF Working Papers Working Paper No. 98/171
Online Access:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Summary:	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
Physical Description:	1 Online-Ressource (34 p)
ISBN:	1451858477 9781451858471

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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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work_keys_str_mv	AT ortegajuanricardo privatesavingincolombia AT lopezmejiaalejandro privatesavingincolombia

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