Income Change and Saving: Capital Supply for Economic Development

Stephen G. Triantis
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Stephen G. Triantis: Department of Economics, University of Toronto, Postal: 27 King's College Circle, Toronto, Ontario, Canada M5S 1A1, http://www.utoronto.ca/

Economia Internazionale / International Economics, 1994, vol. 47, issue 4, 409-422

Abstract: In this paper, we analyze the positive variation of the personal and national saving-income ratios with the rates of change in the respective incomes. This relation helps to account for the high saving-income ratios in today‘s developed economies during their periods of rapid growth. The view that less developed economies are trapped in a vicious circle of poverty is questionable. These countries have high saving-income ratios when their income per head is growing at a high rate. The relative and permanent income theories do not explain this phenomenon.

Date: 1994
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