World Saving

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 Author: Grigoli, Francesco
Other Authors: Herman, Alexander, Schmidt-Hebbel, Klaus
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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100 1 |a Grigoli, Francesco 
245 0 0 |a World Saving  |c Francesco Grigoli, Alexander Herman, Klaus Schmidt-Hebbel 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2014 
300 |a 55 pages 
653 |a Wealth 
653 |a Income 
653 |a Terms of trade 
653 |a Economic policy; nternational cooperation 
653 |a Saving 
653 |a Personal income 
653 |a Exports and Imports 
653 |a Aggregate Factor Income Distribution 
653 |a International economics 
653 |a Personal Income, Wealth, and Their Distributions 
653 |a Consumption; Economics 
653 |a Saving and investment 
653 |a Consumption 
653 |a Macroeconomics 
653 |a Macroeconomics: Consumption 
653 |a 'Panel Data Models 
653 |a Empirical Studies of Trade 
653 |a Spatio-temporal Models' 
653 |a Fiscal Policies and Behavior of Economic Agents: General 
653 |a Private savings 
700 1 |a Herman, Alexander 
700 1 |a Schmidt-Hebbel, Klaus 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9781475545517.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/2014/204/001.2014.issue-204-en.xml?cid=42452-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
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