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Replication data for: Credit Constraints and Growth in a Global Economy

Resource Type
  • Coeurdacier, Nicolas
  • Guibaud, Stéphane
  • Jin, Keyu
Publication Date
  • Abstract

    We show that in an open-economy OLG model, the interaction between growth differentials and household credit constraints—more severe in fast-growing countries—can explain three prominent global trends: a divergence in private saving rates between advanced and emerging economies, large net capital outflows from the latter, and a sustained decline in the world interest rate. Micro-level evidence on the evolution of age-saving profiles in the US and China corroborates our mechanism. Quantitatively, our model explains about a third of the divergence in aggregate saving rates, and a significant portion of the variations in age-saving profiles across countries and over time. (JEL E21, E22, F21, F32, F41, O16, P24)
  • Is supplement to
    DOI: 10.1257/aer.20130549 (Text)
  • Coeurdacier, Nicolas, Stéphane Guibaud, and Keyu Jin. “Credit Constraints and Growth in a Global Economy.” American Economic Review 105, no. 9 (September 2015): 2838–81.
    • ID: 10.1257/aer.20130549 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Coeurdacier, Nicolas; Guibaud, Stéphane; Jin, Keyu (2015): Replication data for: Credit Constraints and Growth in a Global Economy. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.