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Government Spending, the Real Interest Rate, and the Behavior of Liquidity-Constrained Consumers in Developing Countries
Empirical evidence on the deeterminants of private saving in 49 developing countries over the period 1973-83 indicates that, as predicted by theory, a positive relationship exists between the rate of growth of consumption and the expected real interest rate. The strength of that relatioship, how-ever, is such that increases in the real rate of return are not likely to elicit substantial increases in savings, especially in low-income developing countries. It appears that consumer behavior in developing countries is dominated by pervasive liquidity constraints that are exploitable for policy purposes.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| SP3501 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Washington, D.C.: International monetary fund 1988 |
|---|---|
| Edisi | Vol. 35, No. 1, Mar., 1988 |
| Subjek | Interest rates Developing countries Consumers Liquidity constraints |
| ISBN/ISSN | 0020-8027 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 37 p. |
| Info Detail Spesifik | Staff Papers (International Monetary Fund) |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |