Description
(Text)
At the centre of understanding Singapore s
phenomenally successful growth story lies the
country s saving performance. From 1965-99 the
country managed to save an unprecedented 46% of its
GNP. Quite a few studies have investigated this
seemingly unbelievable saving performance and its
resulting growth success. The bridge between the
two - namely investment allocation and the central
role of the government - has rarely been studied.
This publication aims to fill these gaps in
Singapore s economic history and therefore help the
assessment of its potential application to other
country s development plans. An in-depth
econometrical time-series analysis gets to the
source of the drivers behind the saving performance.
A benchmarking exercise using cross-sectional
regression techniques evaluates how special this
performance was. Finally, through an accounting
exercise based on a newly accumulated database it is
able to offer for the first time quantitative
evidence for a number of general speculations about
Singapore s economic history. Not least because of
the included database, this book is a must-read for
all researchers interested in Singapore s recent
history.
