International Evidenceon the Determinants of Private Saving

Paul Masson, Tamim Bayoumi and Hossein Samiei

No 1995/051, IMF Working Papers from International Monetary Fund

Abstract: A broad set of possible determinants of private saving behavior is examined, using data for a large sample of industrial and developing countries. Both time-series and cross-section estimates are obtained. Results suggest that there is a partial offset on private saving of changes in public saving and (for developing countries) in foreign saving, that demographics and growth are important determinants of private saving rates, and that interest rates and terms of trade have positive, but less robust, effects. Increases in per capita GDP seem to increase saving at low income levels (relative to the United States) but decrease it at higher ones.

Keywords: WP; saving; GDP; estimate; developing country; saving rate; saving ratio; world saving; saving equation; growth influences saving; per capita income; government saving; Private savings; Income; Real interest rates; Terms of trade; Fiscal stance (search for similar items in EconPapers)
Pages: 33
Date: 1995-05-01
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Citations: View citations in EconPapers (22)

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Related works:
Journal Article: International Evidence on the Determinants of Private Saving (1998)
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