Interest Regulation? Saving Mobilization and Economic Growth— An explanation for high savings during economic development process of East Asian countries

摘要：

The characters of Eastern Asian economic development are that their interest are usually regulated, but that they keep higher saving ratios and economic growth. And it is an unsolved question of traditional financial development theory. In this paper, our model prove that once interest is positive, interest regulation can motivate savings and accelerate economic growth by creating rent, incentiving financial intermediation to expand size and establish offsets. And, this point was also proved by China’s reforming experiences of past twenty years.

关键词： Interest Regulation Saving Mobilization financial development Economic Growth

作者: 彭文平

作者单位: 华南师范大学经济管理学院,510631

会议类型: 国际会议

会议名称: 2005年中国国际金融年会

会议地点: 昆明

会议语种:英文

在线出版日期: 2005-07-05（万方平台首次上网日期，不代表论文的发表时间）