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CORPORATE THRIFT AND ECONOMIC GROWTH: A COMPARATIVE STUDY OF DEVELOPING AND DEVELOPED COUNTRIES

✍ Scribed by Naiwei Chen

Publisher
John Wiley and Sons
Year
2010
Tongue
English
Weight
121 KB
Volume
24
Category
Article
ISSN
0954-1748

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✦ Synopsis

Abstract

This study aims to investigate the relation between corporate saving and economic growth during the period from 1995 to 2006 in 7 developing countries and 16 developed countries. The results show that corporate savings generally add to the economic growth of developing countries regardless of legal origins. On the contrary, corporate savings generally do not contribute to the economic growth of developed countries. Developed countries with common law and Scandinavian civil law legal origins particularly see the negative relation between corporate saving and economic growth, while countries with other legal origins observe no such relation. Copyright Β© 2010 John Wiley & Sons, Ltd.

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