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dc.contributor.authorStephan, Sabineen_US
dc.contributor.authorSchrooten, Mechthilden_US
dc.date.accessioned2009-01-28T15:39:34Z-
dc.date.available2009-01-28T15:39:34Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/18129-
dc.description.abstractAfter the collapse in early transition years, saving rates in Eastern European EUaccession countries have recovered strongly. Is private saving in these countries now driven by the same forces as in the EU? A GMM estimator is applied to analyze the determinants of private saving in both country groups. Main results are: saving rates are persistent; income growth increases saving, whereas public saving crowds out private saving. Domestic saving and foreign capital operate as substitutes. Long-run effects of income growth and public saving are larger in the EU than in the candidate countries, indicating that saving behavior in the EU is determined to a larger extent by long-run perspectives than in the candidate countries.en_US
dc.language.isoengen_US
dc.publisherDeutsches Institut für Wirtschaftsforschung (DIW) Berlinen_US
dc.relation.ispartofseriesDIW-Diskussionspapiere 372en_US
dc.subject.jelC33en_US
dc.subject.jelE21en_US
dc.subject.ddc330en_US
dc.subject.keywordDynamic panel data modelen_US
dc.subject.keywordprivate savingsen_US
dc.subject.keywordEastern European EU-accession countriesen_US
dc.subject.keywordGMM estimatoren_US
dc.subject.stwSparenen_US
dc.subject.stwEinkommenshypotheseen_US
dc.subject.stwSchätzungen_US
dc.subject.stwVergleichen_US
dc.subject.stwOsteuropaen_US
dc.subject.stwEU-Staatenen_US
dc.titlePrivate Savings in Eastern European EU-Accession Countries : Evidence From a Dynamic Panel Data Modelen_US
dc.typeWorking Paperen_US
dc.identifier.ppn376881984en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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