News | About us | Publications | Conferences | Seminars | "Tigers" | Contact | Links | Site map





List of papers
























How Can Total Private Investments Influence Aggregated Private Savings and What Are Their Implications for Economic Development?




1. Investments of a given period are the result of investment decisions from a previous period, that is why they cannot be dependent on the savings from a given period. Profitable results of investments and the creation of savings.

2. National revenue is determined by private investments as well as by the private rate of saving: "savings paradox". Can the virtue of saving become a social flaw?

3. Generally, GDP is determined by non-consumption expenditure (NCE) (private investments, budget deficit as well as trade balance) and by the private rate of saving q. Thus the pace of GDP growth is tantamount to the difference between the pace of NCE growth and q.

4. Exogenous and endogenous factors determining NCE. Factors determining q: taxes (after deducting transfers); the distribution of revenue between salaries and profits as well as according to the amount.

5. The source of stagnation tendencies in the capitalistic economy is the simulatneous occurence of a low-level willingness to invest and a high-level willingness to save, especially of a rentier type. The role of budget deficit and the external expansion in its context.

6.  Is the growth of the private rate of saving a proper instrument to pursue faster economic growth?

7. Is the decrease in the saving rate a reason for foreign trade deficit?

8. Does the limitation of budget deficit influence the scale of domestic savings in open and closed economies?