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The Frontiers of Society, Science and Technology, 2019, 1(4); doi: 10.25236/FSST.20190336.

Analysis of domestic saving and economic growth in Australia and Korea

Author(s)

Chengrong Li

Corresponding Author:
Chengrong Li
Affiliation(s)

College of Business and Economics, Australian National University, Canberra, Australia,2600

Abstract

To analyses domestic saving and economic growth in Australia and Korea, the author gathered data on the domestic saving rate and economic growth of Australia and Korea over the past 10 years, and then explained how domestic saving rate is related to economic growth. Finally, the author gave perspectives about the domestic saving and economic growth in Australia and Korea.

Keywords

domestic saving rate, economic growth, gross domestic product (GDP)

Cite This Paper

Chengrong Li. Analysis of domestic saving and economic growth in Australia and Korea. The Frontiers of Society, Science and Technology (2019) Vol. 1 Issue 4: 237-240. https://doi.org/10.25236/FSST.20190336.

References

[1] Aghion, P., Comin, D., Howitt, P., & Tecu, I (2016). When does domestic savings matter for economic growth? IMF Economic Review, vol.64, no.3, pp.381-407.
[2] Singh, T (2010). Does domestic saving cause economic growth? A time-series evidence from India. Journal of Policy Modeling, vol.32, no.2, pp.231-253.