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The Role of Household Saving in the Economic Rise of China

Steven Lugauer () and Nelson Mark ()

No 42013, Working Papers from Hong Kong Institute for Monetary Research

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 (search for similar items in EconPapers)
JEL-codes: E21 F42 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-his, nep-mac and nep-tra
Date: 2013-04
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Working Paper: The Role of Household Saving in the Economic Rise of China (2012) Downloads
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