Národní úspory a analýza relativní přespořenosti či podspořenosti ekonomik

National Saving and Analysis of Relatively Oversaving or Undersaving of Economies

Jiří Pour

Politická ekonomie, 2020, vol. 2020, issue 6, 650-678

Abstract: This paper builds a simple framework for analysing over- or undersaving of economies in the context of external economic imbalances. Macroeconomic determinants of optimal household and corporate saving, based on microeconomic theory, are used as explanatory variables in a benchmark panel regression model. Among other things, the model shows chronic oversaving of China and other Asian economies (Korea, Japan), and undersaving of the USA and the United Kingdom. Czechia and the other V4 countries showed no significant deviation from the model, nor did Germany or France.

Keywords: national saving; external economic balance; optimal saving; oversaving; undersaving; panel regression; implied equilibrium (search for similar items in EconPapers)
JEL-codes: E21 E27 F32 (search for similar items in EconPapers)
Date: 2020
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DOI: 10.18267/j.polek.1301

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