LEADER 06356oam 22012974 450 001 9910974289603321 005 20250426110525.0 010 $a9781498396806 010 $a1498396801 010 $a9781498303132 010 $a1498303137 035 $a(CKB)2670000000587886 035 $a(EBL)1899709 035 $a(SSID)ssj0001441839 035 $a(PQKBManifestationID)11804066 035 $a(PQKBTitleCode)TC0001441839 035 $a(PQKBWorkID)11418417 035 $a(PQKB)10815802 035 $a(Au-PeEL)EBL1899709 035 $a(CaPaEBR)ebr11001050 035 $a(CaONFJC)MIL682303 035 $a(OCoLC)896196162 035 $a(IMF)WPIEA2014204 035 $a(MiAaPQ)EBC1899709 035 $aWPIEA2014204 035 $a(EXLCZ)992670000000587886 100 $a20020129d2014 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aWorld Saving /$fFrancesco Grigoli, Alexander Herman, Klaus Schmidt-Hebbel 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2014. 215 $a1 online resource (56 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 08$a9781475545517 311 08$a1475545517 311 08$a9781322510217 311 08$a1322510210 320 $aIncludes bibliographical references. 327 $aCover; Abstract; Contents; I. Introduction; II. Private Saving Determinants; Tables; 1. Determinants of Private Saving in Previous Studies; III. Data and Stylized Facts; A. Sources and Construction; B. Stylized Facts; 2. Descriptive Statistics; 3. Correlation Matrix of Core Private Saving Determinants; Figures; 1. World Saving Rates, 1981-2012; 2. World Private Saving Rates, 1981-2012; 3. Pairwise Panel Correlations; IV. Empirical Strategy; V. Results; A. Baseline Specification; 4. Determinants of Private Saving, Different Estimators; B. Alternative Specifications 327 $a5. Determinants of Private Saving, Additional Explanatory VariablesC. Time Periods and Country Groups; 6. Determinants of Private Saving, Interactions; D. National Saving; E. Household and Corporate Saving; 7. Determinants of National Saving, Alternative Estimators; 8. Determinants of Household and Corporate Saving, Baseline Specification; 9. Determinants of Household and Corporate Saving, Additional Explanatory Variables; VI. Conclusions; Appendix I. Data; A. Concept Construction and Variable Generation; B. Data Replacement, Splicing, and Augmentation; C. Dataset Cleaning 327 $aAppendix II. Country GroupsA1. List of Countries; Appendix III. Contributions; A1. Average Contributions of the Fitted Values; References 330 3 $aThis paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in five dimensions. First, it is based on a very large and recent database, covering 165 countries from 1981 to 2012. Second, it conducts a robustness analysis across different estimation techniques. Third, the empirical search is expanded by including potential saving determinants identified by theory but not previously considered in the empirical literature. Fourth, the paper explores differences in saving behavior nesting the 2008-10 crisis period and four different country groups. Finally, it also searches for commonalities and differences in behavior across national, private, household, and corporate saving rates. The results confirm in part existing research, shed light on some ambiguous or contradictory findings, and highlight the role of neglected determinants. Compared to the literature, we find a larger number of significant determinants of saving rates, using different estimators, for different periods and country groups, and for different saving aggregates. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2014/204 606 $aSaving and investment 606 $aConsumption (Economics) 606 $aSavings accounts 606 $aExports and Imports$2imf 606 $aMacroeconomics$2imf 606 $a'Panel Data Models$2imf 606 $aSpatio-temporal Models'$2imf 606 $aMacroeconomics: Consumption$2imf 606 $aSaving$2imf 606 $aWealth$2imf 606 $aFiscal Policies and Behavior of Economic Agents: General$2imf 606 $aAggregate Factor Income Distribution$2imf 606 $aPersonal Income, Wealth, and Their Distributions$2imf 606 $aEmpirical Studies of Trade$2imf 606 $aInternational economics$2imf 606 $aPrivate savings$2imf 606 $aIncome$2imf 606 $aPersonal income$2imf 606 $aConsumption$2imf 606 $aTerms of trade$2imf 606 $aSaving and investment$2imf 606 $aEconomics$2imf 606 $aEconomic policy$2imf 606 $anternational cooperation$2imf 606 $aNternational cooperation$2imf 606 $aPanel Data Models$2imf 606 $aSpatio-temporal Models$2imf 615 0$aSaving and investment. 615 0$aConsumption (Economics) 615 0$aSavings accounts. 615 7$aExports and Imports 615 7$aMacroeconomics 615 7$a'Panel Data Models 615 7$aSpatio-temporal Models' 615 7$aMacroeconomics: Consumption 615 7$aSaving 615 7$aWealth 615 7$aFiscal Policies and Behavior of Economic Agents: General 615 7$aAggregate Factor Income Distribution 615 7$aPersonal Income, Wealth, and Their Distributions 615 7$aEmpirical Studies of Trade 615 7$aInternational economics 615 7$aPrivate savings 615 7$aIncome 615 7$aPersonal income 615 7$aConsumption 615 7$aTerms of trade 615 7$aSaving and investment 615 7$aEconomics 615 7$aEconomic policy 615 7$anternational cooperation 615 7$aNternational cooperation 615 7$aPanel Data Models 615 7$aSpatio-temporal Models 676 $a339.43 700 $aGrigoli$b Francesco$01127643 701 $aHerman$b Alexander$01815933 701 $aSchmidt-Hebbel$b Klaus$058385 801 0$bDcWaIMF 906 $aBOOK 912 $a9910974289603321 996 $aWorld Saving$94371558 997 $aUNINA