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Personal and Corporate Saving in South Africa.

Abstract:

Low domestic savings rates in South Africa run the risk of perpetuating a low growth trap. The decline in government saving, a major reason for the overall decline, is now being reversed. However, personal sector saving rates have fallen since 1993, and corporate rates since 1995, and both may decline further with lower real interest rates. It is important to understand their behaviour in order to formulate policy to raise the domestic saving rate in line with growth needs. This paper summari...

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Janine Aron More by this author
John Muellbauer More by this author
Journal:
World Bank Economic Review
Volume:
14
Issue:
3
Publication date:
2000
URN:
uuid:7e8f4859-f5e9-4e80-9235-063b1afd09a4
Local pid:
oai:economics.ouls.ox.ac.uk:11490
Language:
English

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