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The Simple(r) Algebra of Pension Plans
Unless the real rate of interest exceeds the growth rate of real wages by a significant margin, payment of a reasonable pension rate requires a high contribution rate or a high active worklife ratio.
Foreign Direct Investment in a Macroeconomic Framework
Does foreign direct investment affect national saving both directly and indirectly through the rate of economic growth? It depends on which countries you're talking about. Pacific Basin countries appear to differ markedly from some other developing countries.
Tariff Rates
None
Stock Market Development and Financial Intermediary Growth
The relationship between the development of stock markets and the functioning of financial intermediaries may be complementary.
