This paper examines the national savings behaviour in the process of economic growth through a comparative analysis of countries in developing Asia from a historical perspective. Developing Asia provides an ideal laboratory for the study with considerable differences in the savings behaviour...

Auf der Grundlage eines Modells zur Analyse des Lebensund Adaptionszyklus regionaler Kooperationen wird die Entwicklung von drei deutschen Regionen (Altmark, Kiel, Kronach) betrachtet. Das Zusammenspiel externer und interner Einflussfaktoren erklärt die sehr unterschiedlichen...

We consider a class of additively time-separable life-cycle consumption-savings models with iso-elastic per period power utility featuring resistance to inter-temporal substitution of θ with linear consumption policy functions. The utility maximization problem is dynamically inconsistent for...