Singapore: Selected Issues
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Summary:
This Selected Issues paper examines the behavior of savings and investment from an Asian and Singaporean perspective. It builds and estimates two econometric models that relate savings and investment to a range of macroeconomic and structural variables. The paper examines the relationship between labor market developments and private consumption behavior, and notes that employment uncertainty did have a significant negative impact on consumption and raised precautionary savings. It also examines quantitative, industry-level measures of the intensity of domestic competition in the manufacturing and services sectors during the past two decades in Singapore.
Series:
Country Report No. 2006/151
Subject:
Consumption Income Labor Labor markets National accounts Private consumption Unemployment rate
English
Publication Date:
May 4, 2006
ISBN/ISSN:
9781451834253/1934-7685
Stock No:
1SGPEA2006002
Pages:
34
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