Should Latin America Save More to Grow Faster?

Latin America’s historically low saving rates and sub-par growth performance raise the question of whether the region should save more to grow faster. Economists generally resist acknowledging a policy-exploitable causal connection going from savin...

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Bibliographic Details
Main Authors:	de la Torre, Augusto, Ize, Alain
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	CURRENCY MISMATCHES GROWTH RATES PUBLIC SAVINGS MONETARY POLICY DEPOSIT CAPITAL MARKETS FINANCIAL SERVICES EXTERNAL COMPETITIVENESS FOREIGN CAPITAL FOREIGN DEBT INSTITUTIONAL ENVIRONMENT CAPITAL ACCUMULATION SKILLED WORKERS DISPOSABLE INCOME INCOME INTEREST RATE OF RETURN DEBT CRISIS LONG-TERM FINANCE MARGINAL COST INTEREST RATE RATE OF RETURN ON CAPITAL EXCHANGE STOCK MARKET INCOME GROUP MACROECONOMIC POLICY LIQUIDITY DEVELOPING COUNTRIES POLITICAL ECONOMY BINDING CONSTRAINT INFLATION CRISIS FISCAL POLICY WORLD DEVELOPMENT INDICATORS RISK PREMIUM OUTPUT RATIO FACTORS OF PRODUCTION SUBSIDY PRICE TAX SAVING CURRENT ACCOUNT SURPLUSES SAFETY NETS MARKET BEHAVIOR CENTRAL BANK EXTERNAL FINANCE PRIVATE SAVING INSTITUTIONAL INVESTOR SAVINGS CURRENCY REGIME CHANGES LIBERALIZATIONS LOW-INCOME COUNTRIES DOMESTIC CAPITAL INVESTOR BEHAVIOR EXCHANGE RATES OUTPUT GAPS INTEREST RATES GLOBALIZATION CAPITAL OUTFLOWS DEBT CAPITAL MARKET INFLATION CRISES FINANCIAL CRISES FOREIGN ASSETS GOVERNANCE INDICATORS OPEN ECONOMY SOCIAL PROTECTION MIDDLE-INCOME COUNTRIES DIVIDENDS NATURAL RESOURCES GROSS DOMESTIC PRODUCT INSURANCE POLICY FOREIGN CURRENCY POWER PARITY TAXES EQUITY SOVEREIGN DEBT SOCIAL SAFETY NETS HUMAN CAPITAL CAPITAL CONTROLS CAPITAL RATIO CREDIT CONSTRAINTS VOLATILITY COUNTRY RISK FINANCIAL STABILITY FINANCIAL CRISIS FOREIGN FINANCING FUTURE DEBT CRISES PENSIONS OUTPUT RATIOS PURCHASING POWER FOREIGN INVESTMENT AGGREGATE DEMAND DIVIDEND INCOMES CAPITAL FLOWS SHARES EQUILIBRIUM VALUES CREDIT RATING MIDDLE- INCOME COUNTRIES OUTPUT CAPITAL INFLOW CLOSED ECONOMY GOVERNANCE INFLATION RATES EXPOSURE INSURANCE ECONOMIC DEVELOPMENT TRADE INVESTOR GROWTH ●INVESTMENT MARKET VOLATILITY PUBLIC SAVING GROWTH RATE INVESTMENT NATURAL RESOURCE SHARE BALANCE SHEETS COLLATERAL TRADES RATE OF GROWTH CAPITAL INFLOWS LONG- TERM FINANCE EXCHANGE RATE COMMODITY PRICES FINANCIAL SECTOR CAPITAL FLIGHT COMMODITY CAPITAL ACCOUNT INTERNATIONAL RESERVE INFLATION EPISODES PRICES EXCHANGE RATE REGIMES COST OF CAPITAL COMPETITION CROSS-BORDER CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2015/08/24879192/latin-america-save-more-grow-faster http://hdl.handle.net/10986/22444

Internet

http://documents.worldbank.org/curated/en/2015/08/24879192/latin-america-save-more-grow-faster
http://hdl.handle.net/10986/22444

Should Latin America Save More to Grow Faster?

Internet

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