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Titlebook: World Saving, Prosperity and Growth; Mario Baldassarri (Professor of Economics),Luigi P Book 1993 Servizio Italiano Pubblicazioni Internaz

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Recent Declines in the Savings Rate: a Life Cycle Perspectiveedium run, has undergone profound changes, especially among the industrialized countries. These changes have tended to run in the same direction for all countries, namely down. While this development has been very negative for the world economy, as it has reduced the flow of resources available for
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World Savings and Growth in Developing Countriess in other countries, there is likely to be an emerging shortage of world savings. This view was first propounded (to the best of my knowledge) in the World Bank’s ., with which I was associated, and set out in detail together with the supporting evidence in the background papers prepared for the re
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Edmund S. Phelpshe waning of the animal spirits behind investment demand as the source of most slumps. In the view of the former, recovery in the 1930s would have been fostered by a more generous supply of saving, while for the latter such a development would have made the depression worse. Victory in the debate wa
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Some Macroeconomic Effects of Demographic Trends in Italya marked increase in the number of aged people, both in absolute and in relative terms. This phenomenon can be expected to bring about major macroeconomic effects arising mainly from the changes in savings, labour supply, government spending and revenue.
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