Save now, prosper later

James Zuccollo and John Ballingall
Additional contact information
John Ballingall: New Zealand Institute of Economic Research

No 2010/2, NZIER Working Paper from New Zealand Institute of Economic Research

Abstract: This paper uses NZIER’s dynamic Computable General Equilibrium (CGE) model of the New Zealand economy to conduct a preliminary investigation into how an increase in New Zealand’s national savings would affect New Zealand’s GDP and living standards. We do not specify how this increase might take place. We find that increased saving would reduce our overseas debt and thus cut our debt servicingrepayments. It is likely that the risk premium on borrowing costs would also fall under such a scenario. This would help boost investment.

Keywords: cge modelling; savings; New Zealand (search for similar items in EconPapers)
JEL-codes: C68 E21 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2010-11-12
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.nzier.org.nz/publications/save-now-pro ... dynamic-cge-analysis Full text (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:ris:nzierw:2010_002

Access Statistics for this paper

More papers in NZIER Working Paper from New Zealand Institute of Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Sarah Spring ().