Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/18129 
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dc.contributor.authorStephan, Sabineen
dc.contributor.authorSchrooten, Mechthilden
dc.date.accessioned2009-01-28T15:39:34Z-
dc.date.available2009-01-28T15:39:34Z-
dc.date.issued2003-
dc.identifier.urihttp://hdl.handle.net/10419/18129-
dc.description.abstractAfter the collapse in early transition years, saving rates in Eastern European EU-accession 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
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x372en
dc.subject.jelC33en
dc.subject.jelE21en
dc.subject.ddc330en
dc.subject.keywordDynamic panel data modelen
dc.subject.keywordprivate savingsen
dc.subject.keywordEastern European EU-accession countriesen
dc.subject.keywordGMM estimatoren
dc.subject.stwSparenen
dc.subject.stwEinkommenshypotheseen
dc.subject.stwSchätzungen
dc.subject.stwVergleichen
dc.subject.stwOsteuropaen
dc.subject.stwEU-Staatenen
dc.titlePrivate Savings in Eastern European EU-Accession Countries : Evidence From a Dynamic Panel Data Model-
dc.typeWorking Paperen
dc.identifier.ppn850977282en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp372en

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