The aim of this paper is to analyze the cause and effect relationship between economic growth and savings in advanced … the existence of one-way casual relationship between gross domestic savings and gross domestic product in the case of … relationship between gross domestic product and gross domestic savings both in developed economies and developing and transition …

The study seeks to examine stock market wealth effects on private non-durable consumption for Zimbabwean households … relationship between stock market wealth and consumption. An autoregressive distributed lag model (ARDL) analysis is implemented to … shows a speedy convergence to long run equilibrium. -- wealth effects ; consumption dynamics ; income effect ; convergence …

This paper quantifies the welfare cost of consumption externalities in an endogenous growth model with habit formation …. Agent’s utility depends on both current consumption and a reference consumption level determined by economy-wide average … past consumption. Although utility may be lower in the presence of consumption externalities, the welfare loss relative to …

Management services. -- wealth management ; behavioral finance ; heuristics ; prospect theory ; bounded rationality … investment strategies and establish control of the customer service in the cooperation between advisors and clients of the Wealth …

term. At the same time, the savings rate in Germany is one of the highest by international standards. As evidenced by the … enormous current account surpluses of up to seven percent in 2012, most of the savings went abroad, however, rather than being …

Einkommenszuwächse sind also vor allem den Bevölkerungsteilen zugute gekommen, die besonders viel sparen. Hätten sich Lohn- und …