Private Saving Accelerations
December 15, 2014
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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.
Subject: Environment, Labor, National accounts, Natural resources, Private investment, Private savings, Public sector savings, Unemployment rate
Keywords: acceleration episode, accelerations, Africa, Asia and Pacific, economic performance, GDP, GDP growth, Global, growth volatility, Natural resources, Private investment, Private saving, Private savings, private sector savings, Public sector savings, public sector savings data, saving acceleration, saving transition, Sub-Saharan Africa, Unemployment rate, WP
Pages:
20
Volume:
2014
DOI:
Issue:
223
Series:
Working Paper No. 2014/223
Stock No:
WPIEA2014223
ISBN:
9781498368490
ISSN:
1018-5941
