Andrew Dean

Saving trends and behaviour in OECD countries

National saving ratios are generally lower now than in the 1960s or 1970s. This paper first reviews developments in national and international saving and investment trends in OECD countries since the 1960s. It then examines sectoral saving trends and considers the links between them. There are seen to be important offsets between government and private sector saving and, within the latter, between the business sector and households, so that national and private saving rates tend to be more stable than their component parts. The paper looks in particular at the reasons lying behind the volatile behaviour of household saving in certain countries in recent years ...

New Issues, New Results

This paper surveys empirical studies of the costs of reducing carbon dioxide emissions. It updates and extends an earlier paper, which focused on baseline emission scenarios and the aggregate cost of emission reductions. It attempts to explain some of the differences in simulation results and highlights some major policy issues ...

World Saving since 1960: Trends in Saving and its Global Allocation

A major international concern in recent years has been the supposed inadequate level of world saving. This concern is likely to continue for some time, given the additional claims on resources that are likely to be entailed in any programme of restructuring in the formerly centrally-planned economies of Eastern and Central Europe and the continuing calls on capital from developing countries. Furthermore, the ageing of the population in the industrialised countries might also tend to lower saving rates in coming years. This paper attempts to give some focus to this concern by examining the trends in world saving over the last 30 years and giving some information on prospective developments.