Resource title

Back on track? : Savings puzzles in EU-accession countries

Resource image

image for OpenScout resource :: Back on track? : Savings puzzles in EU-accession countries

Resource description

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.

Resource author

Mechthild Schrooten, Sabine Stephan

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/18042

Resource license

Adapt according to the presented license agreement and reference the original author.