IMF Staff Country Reports

Singapore: Selected Issues

Publication Date:

May 4, 2006

Electronic Access:

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Summary:

This Selected Issues paper examines the behavior of savings and investment from an Asian and Singaporean perspective. It builds and estimates two econometric models that relate savings and investment to a range of macroeconomic and structural variables. The paper examines the relationship between labor market developments and private consumption behavior, and notes that employment uncertainty did have a significant negative impact on consumption and raised precautionary savings. It also examines quantitative, industry-level measures of the intensity of domestic competition in the manufacturing and services sectors during the past two decades in Singapore.

Series:

Country Report No. 2006/151

Subject:

Consumption Income Labor Labor markets National accounts Private consumption Unemployment rate