NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Determinants and Long-term Projections of Saving Rates in Developing Asia

Charles Yuji Horioka, Akiko Terada-Hagiwara

NBER Working Paper No. 17581
Issued in November 2011

---- Acknowledgements -----

We thank Jong-Wha Lee, Kwanho Shin, Dennis Tao Yang, and the other participants of workshops in Seoul and Hong Kong, David Cook, Desiree Desierto, Julen Esteban-Pretel, Alessandra Guariglia, Minchung Hsu, Alistair Munro, Wade Pfau, Pengfei Wang, and other seminar participants at the Asian Development Bank, Chinese University of Hong Kong, Durham University, Hong Kong University of Science and Technology, and the National Graduate Institute for Policy Studies, and two anonymous referees for their helpful comments, and Aleli Rosario and Shiela Camingue for their superb assistance. This paper was prepared under the Asian Development Bank’s TA7470-REG: Long-term Projections of Asian GDP and Trade. The views expressed in this paper are those of the authors and do not necessarily reflect the views or policies of the Asian Development Bank, its Board of Governors or the governments they represent, or the views of the National Bureau of Economic Research.

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