Cross-country private saving heterogeneity and culture

Malka de Castro Campos, Clemens Kool and J. Muysken
Additional contact information
J. Muysken: Macro, International & Labour Economics

No 13, Research Memorandum from Maastricht University, Graduate School of Business and Economics (GSBE)

Abstract: Motivated by the dominant role of cross-country heterogeneity in private saving in the creation of Eurozone imbalances over the past decade, we empirically investigate the determinants of private saving for a sample of 30 OECD countries over the period 1990-2010. In addition to standard macroeconomic variables, we include three country-specific cultural indicators, derived from the World and European Value Surveys. We find these three variables - thrift, trust and religiosity - to significantly contribute to the explanation of cross-country saving heterogeneity both for the OECD group at large and for the Eurozone countries seperately.

Date: 2013-01-01
New Economics Papers: this item is included in nep-eff
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://cris.maastrichtuniversity.nl/ws/files/6794 ... f1098a6-ASSET1.0.pdf (application/pdf)

Related works:
Journal Article: Cross-Country Private Saving Heterogeneity and Culture (2013)
Working Paper: Cross-Country Private Saving Heterogeneity and Culture (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:unm:umagsb:2013013

DOI: 10.26481/umagsb.2013013

Access Statistics for this paper

More papers in Research Memorandum from Maastricht University, Graduate School of Business and Economics (GSBE) Contact information at EDIRC.
Bibliographic data for series maintained by Andrea Willems () and Leonne Portz ().