Transcription of Household Saving in China - World Bank
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Household Saving in China - World Bank
Published in: World Bank Economic Review September 2000. Household Saving in China Aart Kraay*. The World Bank First Draft: November 1997. This Draft: May 2000. Abstract: China , the World 's largest and fastest-growing economy in recent years, has also experienced national Saving rates that are among the highest in the World . This paper considers a variety of statistical issues that cloud the measurement of aggregate and Household Saving in China , and provides new empirical evidence on the importance of intertemporal considerations in explaining inter-provincial variation in Household Saving in China . _____. *This paper was prepared as part of a World Bank research project entitled Saving Across the World : Puzzles and Policies . I am grateful to the project's organizers, Norman Loayza, Klaus Schmidt-Hebbel and Luis Serv n for their encouragement, and to Nick Lardy, Lihong Wang, the editor of this journal, and three anonymous referees for their helpful discussions. The views expressed in this paper are the author's, and do not necessarily represent those of the World Bank, its executive directors or the countries they represent.
1 1. Introduction China, the world’s largest and fastest growing economy in recent years, has also experienced saving rates that are among the highest in the world.
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