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Title:Back on track? Savings puzzles in EU-accession countries PDF Logo
Authors:Schrooten, Mechthild
Stephan, Sabine
Issue Date:2002
Series/Report no.:DIW-Diskussionspapiere 306
Abstract:After the collapse in the early years of transition, saving rates in many EU-accession countries have recovered and remained stable during recent years. This may indicate that the transformation process has come to an end with regard to savings. Is saving behaviour in EU-accession countries now driven by the same forces as it is in market economies? We use a panel data set covering the years 1990 to 1999 to estimate fixed-effects models for domestic and private saving ratios. Central findings: saving is highly persistent; income, growth and institutional reforms cause saving to increase, whereas public saving crowds out private saving. Domestic saving and foreign capital are operating as substitutes.
Subjects:Panel data
savings
EU-accession countries
transformation
JEL:C33
P2
E21
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des DIW
DIW-Diskussionspapiere

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