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This study constructs a dynamic and open economy model to show that low saving rates are the cause of economic volatility in developed countries, whereas inadequate financial development is identified as the reason for economic volatility in emerging countries. With low saving rates or inadequate financial development, countries find it difficult to avoid economic volatility, because it is difficult to alleviate the financing constraints of firms and maintain the stability of investment. Under similar conditions, economic volatility is more severe in developed countries and has spillover effects by triggering interest rate fluctuations in the global capital market and intensifying economic volatility in other countries. By contrast, emerging countries or small economies do not have spillover effects. To avoid dramatic international economic volatility, emerging countries should prompt financial development, and developed countries should increase their saving rates.
Hejie Zhang; Huiming Lv; Shenghau Lin. Financial Development, Saving Rates, and International Economic Volatility: A Simple Model. Mathematics 2021, 9, 2010 .
AMA StyleHejie Zhang, Huiming Lv, Shenghau Lin. Financial Development, Saving Rates, and International Economic Volatility: A Simple Model. Mathematics. 2021; 9 (16):2010.
Chicago/Turabian StyleHejie Zhang; Huiming Lv; Shenghau Lin. 2021. "Financial Development, Saving Rates, and International Economic Volatility: A Simple Model." Mathematics 9, no. 16: 2010.
Huiming Lv -. Research on The Status and Development Strategy of Chinese Marine Service Industry. International Journal of Digital Content Technology and its Applications 2013, 7, 598 -603.
AMA StyleHuiming Lv -. Research on The Status and Development Strategy of Chinese Marine Service Industry. International Journal of Digital Content Technology and its Applications. 2013; 7 (2):598-603.
Chicago/Turabian StyleHuiming Lv -. 2013. "Research on The Status and Development Strategy of Chinese Marine Service Industry." International Journal of Digital Content Technology and its Applications 7, no. 2: 598-603.
Huiming Lv -. Research on the Evaluation Methods on Marine Industrial Core Competence with Intuitionistic Fuzzy Information. International Journal of Digital Content Technology and its Applications 2012, 6, 160 -166.
AMA StyleHuiming Lv -. Research on the Evaluation Methods on Marine Industrial Core Competence with Intuitionistic Fuzzy Information. International Journal of Digital Content Technology and its Applications. 2012; 6 (5):160-166.
Chicago/Turabian StyleHuiming Lv -. 2012. "Research on the Evaluation Methods on Marine Industrial Core Competence with Intuitionistic Fuzzy Information." International Journal of Digital Content Technology and its Applications 6, no. 5: 160-166.
Huiming Lv -. Application of Fuzzy Evaluating Model to the Assessment of Marine Service Industry in Triangular Fuzzy Setting. INTERNATIONAL JOURNAL ON Advances in Information Sciences and Service Sciences 2011, 3, 162 -167.
AMA StyleHuiming Lv -. Application of Fuzzy Evaluating Model to the Assessment of Marine Service Industry in Triangular Fuzzy Setting. INTERNATIONAL JOURNAL ON Advances in Information Sciences and Service Sciences. 2011; 3 (9):162-167.
Chicago/Turabian StyleHuiming Lv -. 2011. "Application of Fuzzy Evaluating Model to the Assessment of Marine Service Industry in Triangular Fuzzy Setting." INTERNATIONAL JOURNAL ON Advances in Information Sciences and Service Sciences 3, no. 9: 162-167.