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Housing prices and the high Chinese saving rate puzzle

✍ Scribed by Xin Wang; Yi Wen

Book ID
118429685
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
883 KB
Volume
23
Category
Article
ISSN
1043-951X

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This paper investigates whether the recent experience of the emerging East Asian countries with current account surpluses is consistent with the "saving glut" hypothesis and the Feldstein and Horioka puzzle. The evidence suggests that the saving retention coefficients declined substantially in most