Concern has been raised by an apparent lack of saving in New Zealand. New Zealand's household savings performance is amongst the worst in the OECD. Despite strong economic growth over the last decade, New Zealand's household savings rates have declined when compared to other countries such as United States, Canada, Australia and United Kingdom. It is often argued that policies which faster savings are important, as higher savings will contribute to higher investment and productivity, …
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showed last 75 words of 1397 total
…Finance and the Sources of Growth; Journal of Financial Economics; Vol. 58; pp 261-300 Kliesen,L (2005,July). Do We Have a Saving Crisis?. Regional Economist,4,6. Retrieved April 23,2006, from the University of Auckland: Proquest database. Mcgee,R(2006,March). The global savings paradox. American Bankers Association,98,56. Retrieved April 23,2006, from the University of Auckland: Proquest database. Skilling.D (2005,Feburary). Home is where the money is. The New Zealand Institute. Retrieved April 23,2006, from the World Wide Web: www.nzinstitute.org