This' capital approach 'focuses on wealth accounting and indicators of genuine (or adjusted net) saving, the amount of saving over and above the value of total asset consumption.

这种“资本的方法”集中研究财富核算与真实储蓄(即调整后的净储蓄)的指标，除去总的资产消耗价值以外的储蓄量。

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By definition, the sum of private and government net saving is equal to the external deficit.

ECONOMIST: Living on borrowed time

Arithmetically, higher government saving and a bigger external deficit imply a further fall in private net saving.

ECONOMIST: Living on borrowed time

To explore how the expansion might eventually end, the authors consider a range of possibilities for private net saving.

ECONOMIST: Living on borrowed time