The Role of Household Saving in the Economic Rise of China

HKIMR Working Paper No.04/2013

24 Pages Posted: 13 Mar 2013

See all articles by Steven Lugauer

Steven Lugauer

University of Kentucky - Department of Economics

Nelson C. Mark

University of Notre Dame - Department of Economics and Econometrics; National Bureau of Economic Research (NBER)

Date Written: February 28, 2013

Abstract

The saving rate in China is high by historical and international norms. The high saving rate has funded capital accumulation which in turn has been the primary driver of China’s economic growth. We review the evidence on Chinese household saving and conduct a small study to assess the importance of the precautionary motive for saving.

Keywords: household saving, precautionary motive, China

JEL Classification: E21, F42

Suggested Citation

Lugauer, Steven and Mark, Nelson Chung, The Role of Household Saving in the Economic Rise of China (February 28, 2013). HKIMR Working Paper No.04/2013. Available at SSRN: https://ssrn.com/abstract=2231902 or http://dx.doi.org/10.2139/ssrn.2231902

Steven Lugauer

University of Kentucky - Department of Economics ( email )

Lexington, KY 40506
United States

Nelson Chung Mark (Contact Author)

University of Notre Dame - Department of Economics and Econometrics ( email )

442 Flanner
Notre Dame, IN 46556
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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