The DOI matches its Crossref record; 22 of the 22 references it cites were found in a registry or an index.
What Drives Private Saving Across the World?
Abstract
Saving rates display considerable variation across countries and over time. This paper investigates the factors behind these broad saving disparities using a large cross-country time-series data set constructed for the World Bank Saving project. The paper assesses empirically the policy and non-policy determinants of saving. It follows the empirical literature on saving by using an encompassing empirical approach including a number of potentially relevant saving determinants. However, the paper extends the literature in several dimensions. It uses the largest data set on aggregate saving measures assembled to date. It explores both national and private saving determinants. It uses panel instrumental variable techniques that allow correcting for endogeneity and heterogeneity through "internal" instruments. Finally, it performs a variety of robustness checks to changes in estimation procedures, data samples and model specification.
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Cites
Arellano, M., & Bond, S. (1991) · The Review of Economic Studies · doi:10.2307/2297968 · Cited by 33,272
Another look at the instrumental variable estimation of error-components models
Arellano, M., & Bover, O. (1995) · Journal of Econometrics · doi:10.1016/0304-4076(94)01642-d · Cited by 19,880
Large Sample Properties of Generalized Method of Moments Estimators
Hansen, L. P. (1982) · Econometrica · doi:10.2307/1912775 · Cited by 13,467
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Are Government Bonds Net Wealth?
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Estimating Vector Autoregressions with Panel Data
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Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence
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A New Data Set Measuring Income Inequality
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Formulation and estimation of dynamic models using panel data
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Domestic Saving and International Capital Flows
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Cited by
Finance and the sources of growth
Beck, T., Levine, R., & Loayza, N. (2000) · Journal of Financial Economics · doi:10.1016/s0304-405x(00)00072-6 · Cited by 3,711
Self-citationFinancial development and international trade
Beck, T. (2002) · Journal of International Economics · doi:10.1016/s0022-1996(01)00131-3 · Cited by 607
On the impact of demographic change on economic growth and poverty
Cruz, M., & Ahmed, S. A. (2018) · World Development · doi:10.1016/j.worlddev.2017.12.018 · Cited by 186
Gone with the wind: Demographic transitions and domestic saving
Cavallo, E., Sánchez, G., & Valenzuela, P. (2018) · Review of Development Economics · doi:10.1111/rode.12518 · Cited by 8
Metadata
- Authors
- Loayza, N., Schmidt-Hebbel, K., & Servén, L.
- Venue
- Review of Economics and Statistics
- Publisher
- MIT Press - Journals
- Published
- 2000-05
- Volume
- 82
- Issue
- 2
- Pages
- 165-181
- ISSN
- 0034-6535 (ISSN-L)
- 1530-9142
- OpenAlex
- W3124669357
- Cited by
- 478
- References
- 22
- FWCI
- 42.95
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
