What Drives Private Saving Across The World
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What Drives Private Saving Around The World
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Author : Norman Loayza
language : en
Publisher: World Bank Publications
Release Date : 2000
What Drives Private Saving Around The World written by Norman Loayza and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Ahorro categories.
Saving rates vary considerably across countries and over time. Policies that spur development are an indirect but effective way to raise private saving rates, which rise with the level and growth rate of real per capita income.
What Drives Private Saving Around The World
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Author : Norman Loayza
language : en
Publisher:
Release Date : 2016
What Drives Private Saving Around The World written by Norman Loayza and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Saving rates vary considerably across countries and over time. Policies that spur development are an indirect but effective way to raise private saving rates - which rise with the level and growth rate of real per capita income.Loayza, Schmidt-Hebbel, and Serveacute;n investigate the policy and nonpolicy 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 dimensions by:middot; Using the largest data set on aggregate saving assembled to date.middot; Using panel instrumental variable techniques to correct for endogeneity and heterogeneity.middot; Performing robustness checks on changes in estimation procedures, data samples, and model specification.Their main empirical findings:middot; Private saving rates show considerable inertia (are highly serially correlated even after controlling for other relevant factors).middot; Private saving rates rise with the level and growth rate of real per capita income. So policies that spur development are an indirect but effective way to raise private saving rates.middot; Predictions of the life-cycle hypothesis are supported in that dependency ratios generally have a negative effect on private saving rates.middot; The precautionary motive for saving is supported by the finding that inflation - conventionally taken as a summary measure of macroeconomic volatility - has a positive impact on private saving, holding other facts constant.middot; Fiscal policy is a moderately effective tool for raising national saving.middot; The direct effects of financial liberalization are largely detrimental to private saving rates. Greater availability of credit reduces the private saving rate; financial depth and higher real interest rates do not increase saving.This paper - a product of Macroeconomics and Growth, Development Research Group - is part of a larger effort in the group to understand the determinants of saving in developing countries. The study was funded by the Bank`s Research Support Budget under the research project Saving in the World: Puzzles and Policies (RPO 681-36). The authors may be contacted at [email protected] or [email protected].
What Drives Private Saving Across The World
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Author : Norman Loayza
language : en
Publisher:
Release Date : 2017
What Drives Private Saving Across The World written by Norman Loayza and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
Saving rates display considerable variation across countries and over time. This paper investigates empirically the policy and non-policy factors behind these saving disparities using a large, cross-country, time-series data set and following an encompassing approach including a number of relevant private saving determinants. The paper extends the literature in several dimensions. It uses the largest data set on aggregate saving assembled to date and explores both national and private saving determinants. It uses panel instrumental-variable techniques to correct for endogeneity and heterogeneity. Finally, it performs a variety of robustness checks to changes in estimation procedures, data samples, and model specification.
What Drives Private Saving Across The World
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Author : Norman Loayza
language : en
Publisher:
Release Date : 1999
What Drives Private Saving Across The World written by Norman Loayza and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
What Drives Private Saving Around The World
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Author : Norman Loayza
language : en
Publisher: World Bank Publications
Release Date : 2000
What Drives Private Saving Around The World written by Norman Loayza and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Ahorro categories.
Saving rates vary considerably across countries and over time. Policies that spur development are an indirect but effective way to raise private saving rates, which rise with the level and growth rate of real per capita income.
Saving Across The World
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Author : Klaus Schmidt-Hebbel
language : en
Publisher: World Bank Publications
Release Date : 1997-01-01
Saving Across The World written by Klaus Schmidt-Hebbel and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-01-01 with Business & Economics categories.
World Bank Technical Paper No. 349. The Bank's approach to water resources development has shifted from one of construction activities to one of improved management quality, creating a new generation of water-related projects and the need for new evaluation procedures. This paper addresses the methodology for economic evaluation of this new group of projects and draws on the experience of the recently approved Mexico Water Resources Management project.
International Evidence On The Determinants Of Private Saving
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Author : Paul R. Masson
language : en
Publisher:
Release Date : 2006
International Evidence On The Determinants Of Private Saving written by Paul R. Masson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
A broad set of possible determinants of private saving behavior is examined, using data for a large sample of industrial and developing countries. Both time-series and cross-section estimates are obtained. Results suggest that there is a partial offset on private saving of changes in public saving and (for developing countries) in foreign saving, that demographics and growth are important determinants of private saving rates, and that interest rates and terms of trade have positive, but less robust, effects. Increases in per capita GDP seem to increase saving at low income levels (relative to the United States) but decrease it at higher ones.
International Evidenceon The Determinants Of Private Saving
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Author : Mr.Paul R. Masson
language : en
Publisher: International Monetary Fund
Release Date : 1995-05
International Evidenceon The Determinants Of Private Saving written by Mr.Paul R. Masson and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-05 with Business & Economics categories.
A broad set of possible determinants of private saving behavior is examined, using data for a large sample of industrial and developing countries. Both time-series and cross-section estimates are obtained. Results suggest that there is a partial offset on private saving of changes in public saving and (for developing countries) in foreign saving, that demographics and growth are important determinants of private saving rates, and that interest rates and terms of trade have positive, but less robust, effects. Increases in per capita GDP seem to increase saving at low income levels (relative to the United States) but decrease it at higher ones.
International Evidence On The Determinants Of Private Saving
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Author : Paul Masson
language : en
Publisher:
Release Date : 1995
International Evidence On The Determinants Of Private Saving written by Paul Masson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.
China S High Savings Drivers Prospects And Policies
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Author : Ms.Longmei Zhang
language : en
Publisher: International Monetary Fund
Release Date : 2018-12-11
China S High Savings Drivers Prospects And Policies written by Ms.Longmei Zhang and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-11 with Business & Economics categories.
China’s high national savings rate—one of the highest in the world—is at the heart of its external/internal imbalances. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad. Today, high savings mostly emanate from the household sector, resulting from demographic changes induced by the one-child policy and the transformation of the social safety net and job security that occured during the transition from planned to market economy. Housing reform and rising income inequality also contribute to higher savings. Moving forward, demographic changes will put downward pressure on savings. Policy efforts in strengthening the social safety net and reducing income inequality are also needed to reduce savings further and boost consumption.
