World Saving

Author/creator Grigoli, Francesco Author
Other author Herman, Alexander Author
Other author Schmidt-Hebbel, Klaus Author
Format Electronic
Publication InfoWashington : International Monetary Fund
Description55 p. 11.000 x 08.500 in.
Supplemental ContentFull text available from Ebook Central - Academic Complete

SeriesIMF Working Papers Working Paper No. 14/204
Summary Annotation 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.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9781498365147
ISBN1498365140 (E-Book) Active Record
Standard identifier# 9781498365147
Stock number42452 00013468

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