| Description |
1 online resource (41 pages) : illustrations (some color), charts |
| Series |
IMF Country Report ; Number 11/103 |
|
IMF country report ; no. 11/103.
|
| Contents |
Cover; Contents; I. How Well Do Standard Models Explain Australian and New Zealand Saving Behavior?; A. Introduction; B. Australia and New Zealand Saving Compared with Other Advanced Countries; Figures; I.1. National and Private Saving; C. Regression Estimates; Tables; I.1. Regression Results for 20 Advanced Countries; D. How Well Does the Model Fit Australia and New Zealand?; I.2. Decomposition of Change in Net Private Saving Rate, 1990-2009; I.2. Elderly Dependency Ratio, 2008; I.3. Life Expectancy, 2008; I.4. Fitted and Actual Values from Panel Regression |
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E. Single Equation Estimates for Australia and New ZealandI.5. Government Spending on Social Protection and Health Care; I.3. OLS Regression Results for Australia and New Zealand; I.6. Australia and New Zealand Private Saving Fitted Values from OLS Equations; I.4. Private Saving Error Correction Regression Results for Australia and New Zealand; F. Policy Implications; I.7. Private and Public Saving, Wealth, and Terms of Trade; I.5. Illustrative Projection of National Saving; Appendix; I.1. Summary of Recent IMF Cross-Country Studies of Saving |
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II. From West to East: Estimating External Spillovers to Australia and New ZealandA. Introduction; II.1. Australia and New Zealand Direction of Trade; B. Methodology and Data; C. External Spillovers to Australia and New Zealand; D. Transmission Channels; E. Concluding Remarks; II.1. Average Variance Decompositions of Real GDP; II.2. Australia: Spillovers Across Six VARs (1991-2010); II.3. New Zealand: Spillovers Across Six VARs (1991-2010); II.4. Australia: Spillovers Across Six VARs (2000-10); II.5. New Zealand: Spillovers Across Six VARs (2000-10) |
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II.6. Australia: External Spillover Channels (1991-2010)II.7. New Zealand: External Spillover Channels (1991-2010); II.8. Australia: External Spillover Channels (2000-10); II.9. New Zealand: External Spillover Channels (2000-10) |
| Summary |
The Savings Working Group in New Zealand presented recommendations in February 2011, and suggested raising national saving by 2-3 percent of GDP. The increase in net public saving in the country explains part of the reason for lower net private saving in New Zealand. Net public saving of the country is about 3 percent of GDP above the average of advanced countries for the past 15 years. Financial liberalization also appears to have played a role in saving behavior |
| Bibliography |
Includes bibliographical references |
| Notes |
Online resource; title from PDF title page (ebrary, viewed September 25, 2014) |
| Subject |
Banks and banking -- New Zealand
|
|
Economic indicators -- New Zealand
|
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Banks and banking
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Economic history
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Economic indicators
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Economic policy
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| SUBJECT |
New Zealand -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh85091498
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New Zealand -- Economic policy
|
| Subject |
New Zealand
|
| Form |
Electronic book
|
| ISBN |
9781462311262 |
|
1462311261 |
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