World saving

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:
2008-2009
Saving and investment.
Savings accounts.
Consumption (Economics)
Global Financial Crisis, 2008-2009.
Regression analysis.
BUSINESS & ECONOMICS > Finance.
Regression analysis
Saving and investment
Savings accounts
Online Access:Click for online access
Table of Contents:
  • 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.
  • 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.
  • Appendix II. Country GroupsA1. List of Countries; Appendix III. Contributions; A1. Average Contributions of the Fitted Values; References.

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