What Drives Private Saving around the World?

The authors investigate the policy and non-policy factors behind saving disparities, using a large panel data set and an encompassing approach including several relevant determinants of private saving. They extend the literature in several dimensio...

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Bibliographic Details
Main Authors:	Loayza, Norman, Schmidt-Hebbel, Klaus, Serven, Luis
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ANNUAL OBSERVATIONS AVERAGE PROCESS CAPITAL ACCUMULATION CAPITAL GAINS CENTRAL BANK CONSUMERS COUNTRY SPECIFIC COUNTRY-SPECIFIC EFFECTS CREDIT CONSTRAINTS CROSS-COUNTRY RELATIONSHIP CROSS-SECTION DATA CURRENT PRICES DATA AVAILABILITY DATA SET DATA SETS DEMOGRAPHIC FACTORS DEMOGRAPHIC TRANSITION DEPENDENT VARIABLE DESCRIPTIVE STATISTICS DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING WORLD DEVELOPMENT RESEARCH DISPOSABLE INCOME DOMESTIC CREDIT ECONOMETRIC ISSUES ECONOMETRIC MODEL EMPIRICAL ANALYSIS EMPIRICAL ASSOCIATION EMPIRICAL EVIDENCE EMPIRICAL FINDINGS EMPIRICAL REGULARITIES EMPIRICAL STUDIES EQUATIONS ERROR TERM ESTIMATED COEFFICIENTS ESTIMATION METHOD ESTIMATION RESULTS ESTIMATION TECHNIQUES EXCHANGE RATES EXPLANATORY VARIABLE EXPLANATORY VARIABLES FINANCIAL DATA FINANCIAL DEPTH FINANCIAL LIBERALIZATION FISCAL POLICY FORECASTS GNP GROWTH EFFECT GROWTH LITERATURE GROWTH POLICIES GROWTH RATE GROWTH RATES HIGH INFLATION HOUSING INCOME EFFECT INCOME GROWTH INCOME GROWTH RATE INCOME LEVEL INCOME LEVELS INCOMES INFLATION RATE INTEREST RATE INTEREST RATE CONTROLS INTEREST RATES LABOR FORCE LAGGED DEPENDENT LAGGED LEVELS LAGGED VALUES LOCAL GOVERNMENTS M2 MACROECONOMIC INSTABILITY MACROECONOMIC STABILIZATION MACROECONOMICS MEASUREMENT ERROR MODEL SPECIFICATIONS MONETARY POLICY NEGATIVE COEFFICIENTS NEGATIVE CORRELATION NEGATIVE EFFECT NEGATIVE IMPACT NOMINAL INCOMES NOMINAL INTEREST RATE 0 HYPOTHESIS PER CAPITA INCOME POINT ESTIMATES POLICY CHANGE POLICY DETERMINANTS POLICY PERSPECTIVE POLICY RESEARCH POLICY VARIABLES POSITIVE COEFFICIENT POSITIVE EFFECT POSITIVE EFFECTS POSITIVE IMPACT PRIVATE AGENTS PRIVATE SECTOR PUBLIC CONSUMPTION PUBLIC ENTERPRISES PUBLIC INVESTMENT PUBLIC POLICIES PUBLIC SECTOR RANDOM WALK REAL INCOME REAL INTEREST RATE REAL INTEREST RATES REGRESSION RESULTS REGRESSION SAMPLE SAVING RATE SERIAL CORRELATION SERIES OBSERVATIONS SIGNIFICANT EFFECT SIGNIFICANT EVIDENCE SIGNIFICANT NEGATIVE TERMS OF TRADE TIME SERIES URBANIZATION WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2000/03/437920/drives-private-saving-around-world http://hdl.handle.net/10986/18854

Internet

http://documents.worldbank.org/curated/en/2000/03/437920/drives-private-saving-around-world
http://hdl.handle.net/10986/18854

What Drives Private Saving around the World?

Internet

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