World saving / prepared by Francesco Grigoli, Alexander Herman, and Klaus Schmidt-Hebbel.

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 estimatio...

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Bibliographic Details
Main Authors: Grigoli, Francesco (Author), Herman, Alexander (Alexander Noah) (Author), Schmidt-Hebbel, Klaus (Author)
Format: eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, ©2014.
©2014
Series:IMF working paper ; WP/14/204.
Subjects:
Online Access:Click for online access

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100 1 |a Grigoli, Francesco,  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjKPjRf3wbwD497DGKHRVd 
245 1 0 |a World saving /  |c prepared by Francesco Grigoli, Alexander Herman, and Klaus Schmidt-Hebbel. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2014. 
264 4 |c ©2014 
300 |a 1 online resource (55 pages) :  |b illustrations (some color) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/14/204 
500 |a "November 2014." 
500 |a "Western Hemisphere Department." 
504 |a Includes bibliographical references (pages 50-54). 
520 |a 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. --Abstract. 
588 0 |a Online resource; title from pdf title page (IMF.org Web site, viewed November 19, 2014). 
505 0 |a Cover; Abstract; Contents; I. Introduction; II. Private Saving Determinants; Tables; 1. Determinants of Private Saving in Previous Studies; III. Data and Stylized Facts; A. Sources and Construction; B. Stylized Facts; 2. Descriptive Statistics; 3. Correlation Matrix of Core Private Saving Determinants; Figures; 1. World Saving Rates, 1981-2012; 2. World Private Saving Rates, 1981-2012; 3. Pairwise Panel Correlations; IV. Empirical Strategy; V. Results; A. Baseline Specification; 4. Determinants of Private Saving, Different Estimators; B. Alternative Specifications. 
505 8 |a 5. Determinants of Private Saving, Additional Explanatory VariablesC. Time Periods and Country Groups; 6. Determinants of Private Saving, Interactions; D. National Saving; E. Household and Corporate Saving; 7. Determinants of National Saving, Alternative Estimators; 8. Determinants of Household and Corporate Saving, Baseline Specification; 9. Determinants of Household and Corporate Saving, Additional Explanatory Variables; VI. Conclusions; Appendix I. Data; A. Concept Construction and Variable Generation; B. Data Replacement, Splicing, and Augmentation; C. Dataset Cleaning. 
505 8 |a Appendix II. Country GroupsA1. List of Countries; Appendix III. Contributions; A1. Average Contributions of the Fitted Values; References. 
546 |a English. 
650 0 |a Saving and investment. 
650 0 |a Savings accounts. 
650 0 |a Consumption (Economics) 
650 0 |a Global Financial Crisis, 2008-2009. 
650 0 |a Regression analysis. 
650 7 |a BUSINESS & ECONOMICS  |x Finance.  |2 bisacsh 
650 7 |a Consumption (Economics)  |2 fast 
650 7 |a Regression analysis  |2 fast 
650 7 |a Saving and investment  |2 fast 
650 7 |a Savings accounts  |2 fast 
647 7 |a Global Financial Crisis  |d (2008-2009)  |2 fast  |1 https://id.oclc.org/worldcat/entity/E39Qhp4vBbr3T8xBMDbJhDhGmm 
648 7 |a 2008-2009  |2 fast 
700 1 |a Herman, Alexander  |q (Alexander Noah),  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjMvWQwjRgmxqGFkv7gh73 
700 1 |a Schmidt-Hebbel, Klaus,  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PBJmdwbR8q4VXFXmdxfMpT3 
710 2 |a International Monetary Fund.  |b Western Hemisphere Department,  |e issuing body. 
758 |i has work:  |a World saving (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCGMMWdrxPgW4rQRPktd9tC  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Print version:  |t World saving.  |d [Washington, District of Columbia] : International Monetary Fund, ©2014  |h 55 pages  |k IMF Working Paper, WP/14/204  |z 9781475545517 
830 0 |a IMF working paper ;  |v WP/14/204. 
856 4 0 |u https://ebookcentral.proquest.com/lib/holycrosscollege-ebooks/detail.action?docID=1899709  |y Click for online access 
903 |a EBC-AC 
994 |a 92  |b HCD