World Saving.

By: Grigoli, FrancescoContributor(s): Herman, Alexander | Schmidt-Hebbel, KlausMaterial type: TextTextSeries: IMF Working PapersPublisher: Washington : International Monetary Fund, 2014Copyright date: ©2014Description: 1 online resource (56 pages)Content type: text Media type: computer Carrier type: online resourceISBN: 9781498303132Subject(s): Consumption (Economics) | Saving and investment | Savings accountsGenre/Form: Electronic books.Additional physical formats: Print version:: World SavingDDC classification: 339.43 LOC classification: HC79.S3 -- .G75 2014ebOnline resources: Click to View
Contents:
Cover -- Contents -- Abstract -- I. Introduction -- II. Private Saving Determinants -- III. Data and Stylized Facts -- A. Sources and Construction -- B. Stylized Facts -- IV. Empirical Strategy -- V. Results -- A. Baseline Specification -- B. Alternative Specifications -- C. Time Periods and Country Groups -- D. National Saving -- E. Household and Corporate Saving -- VI. Conclusions -- Appendix I. Data -- A. Concept Construction and Variable Generation -- B. Data Replacement, Splicing, and Augmentation -- C. Dataset Cleaning -- Appendix II. Country Groups -- Appendix III. Contributions -- Tables -- 1. Determinants of Private Saving in Previous Studies -- 2. Descriptive Statistics -- 3. Correlation Matrix of Core Private Saving Determinants -- 4. Determinants of Private Saving, Different Estimators -- 5. Determinants of Private Saving, Additional Explanatory Variables -- 6. Determinants of Private Saving, Interactions -- 7. Determinants of National Saving, Alternative Estimators -- 8. Determinants of Household and Corporate Saving, Baseline Specification -- 9. Determinants of Household and Corporate Saving, Additional Explanatory Variables -- A1. List of Countries -- Figures -- 1. World Saving Rates, 1981-2012 -- 2. World Private Saving Rates, 1981-2012 -- 3. Pairwise Panel Correlations -- A1. Average Contributions of the Fitted Values -- References.
Summary: This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in five dimensions. First, it is based on a very large and recent database, covering 165 countries from 1981 to 2012. Second, it conducts a robustness analysis across different estimation techniques. Third, the empirical search is expanded by including potential saving determinants identified by theory but not previously considered in the empirical literature. Fourth, the paper explores differences in saving behavior nesting the 2008-10 crisis period and four different country groups. Finally, it also searches for commonalities and differences in behavior across national, private, household, and corporate saving rates. The results confirm in part existing research, 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 of saving rates, using different estimators, for different periods and country groups, and for different saving aggregates.
Tags from this library: No tags from this library for this title. Log in to add tags.
    Average rating: 0.0 (0 votes)
No physical items for this record

Cover -- Contents -- Abstract -- I. Introduction -- II. Private Saving Determinants -- III. Data and Stylized Facts -- A. Sources and Construction -- B. Stylized Facts -- IV. Empirical Strategy -- V. Results -- A. Baseline Specification -- B. Alternative Specifications -- C. Time Periods and Country Groups -- D. National Saving -- E. Household and Corporate Saving -- VI. Conclusions -- Appendix I. Data -- A. Concept Construction and Variable Generation -- B. Data Replacement, Splicing, and Augmentation -- C. Dataset Cleaning -- Appendix II. Country Groups -- Appendix III. Contributions -- Tables -- 1. Determinants of Private Saving in Previous Studies -- 2. Descriptive Statistics -- 3. Correlation Matrix of Core Private Saving Determinants -- 4. Determinants of Private Saving, Different Estimators -- 5. Determinants of Private Saving, Additional Explanatory Variables -- 6. Determinants of Private Saving, Interactions -- 7. Determinants of National Saving, Alternative Estimators -- 8. Determinants of Household and Corporate Saving, Baseline Specification -- 9. Determinants of Household and Corporate Saving, Additional Explanatory Variables -- A1. List of Countries -- Figures -- 1. World Saving Rates, 1981-2012 -- 2. World Private Saving Rates, 1981-2012 -- 3. Pairwise Panel Correlations -- A1. Average Contributions of the Fitted Values -- References.

This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in five dimensions. First, it is based on a very large and recent database, covering 165 countries from 1981 to 2012. Second, it conducts a robustness analysis across different estimation techniques. Third, the empirical search is expanded by including potential saving determinants identified by theory but not previously considered in the empirical literature. Fourth, the paper explores differences in saving behavior nesting the 2008-10 crisis period and four different country groups. Finally, it also searches for commonalities and differences in behavior across national, private, household, and corporate saving rates. The results confirm in part existing research, 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 of saving rates, using different estimators, for different periods and country groups, and for different saving aggregates.

Description based on publisher supplied metadata and other sources.

Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.

There are no comments on this title.

to post a comment.

Powered by Koha