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Saving in the world

delete2018-04-01
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F
Francesco Grigoli *
A
Alexander Herman
K
Klaus Schmidt‐Hebbel
DOI:10.1016/j.worlddev.2017.11.022delete
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摘要

摘要

En 中文
This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in several dimensions. After extensively surveying the relevant theoretical and empirical literature, the paper reports estimates of saving determinants relying on the newly constructed and largest available database covering 165 countries over 1981-2012. The empirical specification includes determinants not considered in the literature, explores differences in saving behavior nesting the 2008-10 crisis period and four different country groups, searches for commonalities across key saving aggregates (national, private, household, and corporate saving rates), and is subject to a robustness analysis based on different estimation techniques. The results confirm in part existing research, but also shed light on some ambiguous or contradictory findings and highlight the role of neglected determinants. Compared to the literature, we find a larger number of significant determinants, changes across periods and country groups, and similarities across different saving aggregates. (C) 2017 Elsevier Ltd. All rights reserved.
Keyword:
Consumption
Corporate saving
Global Financial Crisis
Household saving
National saving
Private saving
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World Development 封面图
World Development
IF:
4.8
论文数:
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被引数:
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机构

P
Pontificia Universidad Catolica de Chile
学者数:
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论文数: 1.2W
被引数: 16
United States Department of the Treasury 封面图
United States Department of the Treasury
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论文数: 160
被引数: 225
I
International Monetary Fund
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论文数: 877
被引数: 1.4K
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引用论文

引用论文

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Rules of Thumb in Life-cycle Saving Decisions*
err2012-04-12
err26
errOAAI
errWinter, Joachim K.; Schlafmann, Kathrin; Rodepeter, Ralf
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SOCIAL NORMS, SAVINGS BEHAVIOR, AND GROWTH
err1992-12-01
err344
PREAI
errCOLE, HL; MAILATH, GJ; POSTLEWAITE, A
err分享
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