In Capital in the Twenty-First Century , Thomas Piketty uses what he calls “the second fundamental law of capitalism” to predict that wealth-to-income ratios are poised to increase dramatically as economies’ growth rates fall during the twenty-first century. This law states that in the long run the wealth-to-income ratio equals s/g, where s is the economy’s saving rate and g its growth rate. We...

In 1981, personal saving in the United States was $106.6 billion, or 4.4 percent of personal income? Net corporate saving, as defined by undistributed profits net of estimated economic depreciation, was $49.5 billion, or 44.0 percent of after-tax corporate profits? Thus, net private saving was just 6.0 percent of net national product, which was $2.6 trillion. This level of savings is low by his...

BACKGROUND Saving groups are increasingly being used to save in many developing countries. However, there is limited literature about how they can be exploited to improve maternal and newborn health. OBJECTIVES This paper describes saving practices, factors that encourage and constrain saving with saving groups, and lessons learnt while supporting communities to save through saving groups. ...

This paper investigates the shortand long-run relationship between domestic wealth, capital stock and the net foreign asset position of industrialised and developing countries. Using cointegration techniques, a link between output per capita, the stock of public debt and age distribution on saving, investment and hence, the net external wealth of countries is established. Public debt, GDP per c...

Background Fiscal policy targeting tobacco control is identified as the most effective strategy for rapid control of tobacco use. An optimum fiscal policy to estimate the percentage taxation that will maximise the government tax revenue, social savings and the net monetary benefit has not been empirically designed before in Sri Lank...

Payment systems are one of the key Financial Market Infrastructures (FMIs) and have showed remarkable progress over the past two decades. The first half of this chapter focuses on the evolutionary process of payment systems, starting with the Deferred Net Settlement (DNS) system and progressing to the RealTime Gross Settlement (RTGS) system. Subsequently, much more sophisticated payment systems...

Payment systems are one of the key Financial Market Infrastructures (FMIs) and have showed remarkable progress over the past two decades. The first half of this chapter focuses on the evolutionary process of payment systems, starting with the Deferred Net Settlement (DNS) system and progressing to the RealTime Gross Settlement (RTGS) system. Subsequently, much more sophisticated payment systems...

ABSTRACT- This study aims to model optimal cultivation pattern based on the maximization of importing virtual water and social net income of major crops in Marvdasht, Iran. For this purpose, a linear programming model was developed considering constraints of virtual water and land limitations followed by other models to include employment restrictions. Based on the findings, wheat and tomato we...