Domestic Resource Mobilization in Developing Asia: Four Policy Issues
In a neoclassical world, intertemporal utility maximization ensures that each household plans its consumption expenditures optimally over its life cycle. Saving is simply the residual between that optimal consumption stream and the household’s income path. Under such ideal conditions, there are no p...
| Published in: | Asian Development Review |
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| Main Author: | |
| Format: | Article |
| Language: | English |
| Published: |
World Scientific Publishing
1991-01-01
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| Online Access: | https://www.worldscientific.com/doi/10.1142/S0116110591000027 |