Accounting for Saving and Capital Formation in the United States, 1947-1991

Richard Ruggles

Journal of Economic Perspectives, 1993, vol. 7, issue 2, 3-17

Abstract: This paper is concerned with accounting for the saving and capital formation taking place in different sectors of the U.S. economy. In brief, where does saving arise and where is it used? Do some sectors save more than they spend for capital formation and thus are net lenders? Do other sectors save less than is required for their capital formation and thus are net borrowers? The U.S. national income accounts contain the basic data relating to these questions. However, at several points, these data must be recast in order to yield analytically useful results. When such a reformulation is made, the conclusions that can be drawn differ strikingly from much of the currently received conventional wisdom.

JEL-codes: E10 E21 E22 N12 (search for similar items in EconPapers)
Date: 1993
Note: DOI: 10.1257/jep.7.2.3
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/jep.7.2.3 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:jecper:v:7:y:1993:i:2:p:3-17

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

Journal of Economic Perspectives is currently edited by Enrico Moretti

More articles in Journal of Economic Perspectives from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().