Macroeconomic Balances

The following assignment compares the key variables of the accounting identity of five of the six biggest countries (measured by 2010 GDP) of the world. These countries are China, Germany, Japan, the United Kingdom (UK) and the United States.

The variables which will be examined empirically are private savings (S), public savings (T - G), investments (I) and current account balance (CA).

The period is stretched from 2000 to 2010. All values will be presented as a percentage to the GDP of each nation.