Arbeitspapier
Back on track? Savings puzzles in EU-accession countries
After the collapse in the early years of transition, saving rates in many EU-accession countries have recovered and remained stable during recent years. This may indicate that the transformation process has come to an end with regard to savings. Is saving behaviour in EU-accession countries now driven by the same forces as it is in market economies? We use a panel data set covering the years 1990 to 1999 to estimate fixed-effects models for domestic and private saving ratios. Central findings: saving is highly persistent; income, growth and institutional reforms cause saving to increase, whereas public saving crowds out private saving. Domestic saving and foreign capital are operating as substitutes.
- Sprache
-
Englisch
- Erschienen in
-
Series: DIW Discussion Papers ; No. 306
- Klassifikation
-
Wirtschaft
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
Macroeconomics: Consumption; Saving; Wealth
- Thema
-
Panel data
savings
EU-accession countries
transformation
Sparen
Übergangswirtschaft
Schätzung
Osteuropa
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Schrooten, Mechthild
Stephan, Sabine
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Schrooten, Mechthild
- Stephan, Sabine
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2002