
Robert Barro on Growth
EconTalk
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The Current Account Deficit and the Current Account Balance
We don't measure the improvements in the quality accurately as I want. There's been a real reduction in the relative price of capital goods. So that means if we have something like an overall saving rate,. it's not exactly the saving rate, but close to it of 17%. Forgetting about the current account in balance, that would be roughly the saving rate.
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