Private Saving Accelerations
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Summary:
Domestic private saving rates have been on a declining trend in many Emerging Markets (EMs), raising questions about countries’ ability to generate sufficient domestic resources to finance investment. This paper examines how countries have managed to achieve protracted increases in the private saving rate. The results show that episodes of sustained accelerations of private savings are mostly the result of very strong macroeconomic performance. Econometric investigations using matching estimators do not reject the result that stronger economic growth mostly precedes episodes of saving accelerations.
Series:
Working Paper No. 14/223
Subject:
Domestic savings Econometric models Emerging markets Growth acceleration Private savings
English
Publication Date:
December 15, 2014
ISBN/ISSN:
9781498368490/1018-5941
Stock No:
WPIEA2014223
Price:
$18.00 (Academic Rate:$18.00)
Format:
Paper
Pages:
20
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