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China, Asia, and the New World Economy$
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Barry Eichengreen, Yung Chul Park, and Charles Wyplosz

Print publication date: 2008

Print ISBN-13: 9780199235889

Published to Oxford Scholarship Online: May 2008

DOI: 10.1093/acprof:oso/9780199235889.001.0001

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Why Does China Save So Much? 1

Why Does China Save So Much? 1

Chapter:
(p.371) 14 Why Does China Save So Much?1
Source:
China, Asia, and the New World Economy
Author(s):

Charles Yuji Horioka

Junmin Wan

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199235889.003.0014

This chapter presents data on saving rates and related variables in China, and conducts an econometric analysis of the determinants of the household saving rate using a life cycle model and panel data on Chinese provinces for the 1995-2004 period. The chapter is organized as follows: Section 14.2 reviews previous literature. Section 14.3 discusses the theoretical link between the age structure of the population and the household saving rate. Section 14.4 presents data on saving rates and related variables. Section 14.5 discusses the estimation model and data sources. Section 14.6 discusses the estimation method. Section 14.7 presents estimation results.

Keywords:   China, domestic savings, household saving rate, age structure, household saving rate

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