Hahn, Jinsoo - In: Journal of development economics 47 (1995) 2, pp. 429-442
Korea's constant price saving rate as a share of GNP has been doubled since 1971 and was 32.7 per cent in 1991. This article examines whether this seemingly high saving rate is an optimal level. The estimates based on the modified golden rule show that it falls short of the optimal saving rate...
