China's high saving rate: myth and reality (notice n° 594023)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02523cam a2200253 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121150732.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Ma, Guonan |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | China's high saving rate: myth and reality |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2011.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 45 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | RésuméLe taux d’épargne en Chine est élevé, tant d’un point de vue historique que par référence aux standards internationaux et aux prédictions des modèles. Il a connu une tendance croissante, surtout au cours des années 2000. La particularité de la Chine est que cette croissance de l’épargne agrégée reflète des taux d’épargne élevés dans les trois secteurs (entreprises, ménages et gouvernement). Notre analyse montre que les facteurs structurels comme la restructuration des entreprises, un processus de transformation reposant sur le modèle de Lewis ainsi qu’un vieillissement rapide de la population ont joué un rôle important. Ces facteurs structurels suggèrent que le taux d’épargne chinois devrait atteindre un pic à moyen terme.Classification JEL : E20 ; E21 ; O11 ; O16 ; O53. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | China’s saving rate is high from many perspectives – historical experience, international standards and model predictions. Furthermore, the average saving rate has been rising over time, with much of the increase taking place in the 2000s. What sets China apart from the rest of the world is that its rising aggregate saving has reflected high savings rates in all three sectors – corporate, household and government. Our evidence casts doubt on the proposition that distortions and subsidies account for China’s high saving rate. Instead, we argue that tough corporate restructuring (including pension and home ownership reforms), a marked Lewis-model transformation process (where the average wage exceeds the marginal product of labour in the subsistence sector) and rapid ageing process have all played more important roles. Such structural factors suggest that the Chinese saving rate may peak in the medium term. JEL classification: E20; E21; O11; O16; O53. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | économie chinoise |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | épargne |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | corporate |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | household and government saving |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Chinese economy |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | saving |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Yi, Wang |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Économie internationale | 122 | 2 | 2011-01-24 | p. 5-39 | 1240-8093 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/revue-economie-internationale-2010-2-page-5?lang=fr&redirect-ssocas=7080">https://shs.cairn.info/revue-economie-internationale-2010-2-page-5?lang=fr&redirect-ssocas=7080</a> |
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