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Back on Track? Savings Puzzles in EU Accession Countries

Schrooten, Mechthild; Stephan, Sabine - European Network of Economic Policy Research Institutes … - 2003

remained stable during recent years. This may indicate that the transformation process has come to an end with regard to … savings. Is saving behaviour in EU accession countries now driven by the same forces as it is in market economies? We use a …

Persistent link: https://www.econbiz.de/10005427382

Exploring Policy Complementarities in Transition Economies: The Case of Kazakhstan

Punthakey, Jibran J - Public Governance and Territorial Development … - 2014

Policy complementarities have often been overlooked in transition economies, leading to the exclusion or partial adoption of reforms. This paper examines the key determinants of successful transition strategies, and concludes that an approach exploiting complementary relationships and...

Persistent link: https://www.econbiz.de/10011277068

PRIVATE AND GOVERNMENT CONSUMPTION IN TRANSITIONAL ECONOMIES: A PANEL DATA ANALYSIS

Apergis, Nicholas; Lyroudi, Katerina; Sfetsos, Athanasios - In: Journal of Economic Development 33 (2008) 1, pp. 113-131

This paper investigates the presence of the relationship between private and government consumption through panel data techniques. Using a panel from different transitional countries, from 1990 to 2003, it applies the panel cointegration and causality methodologies. The study finds statistical...

Persistent link: https://www.econbiz.de/10009351176

Channels of risk-sharing among Canadian provinces: 1961–2006

Basher, Syed A.; Balli, Faruk; Louis, Rosmy - Volkswirtschaftliche Fakultät, … - 2009

This paper incorporates recent developments in the literature to quantify the amount of interprovincial risk-sharing in Canada. We find that both capital market and the federal tax-transfer system play an almost equally important role (about 26 percent each) in smoothing shocks to gross...

Persistent link: https://www.econbiz.de/10009643209

The Measurement Error Problem in Dynamic Panel Data Analysis: Modeling and GMM Estimation

Biørn, Erik - Økonomisk institutt, Universitetet i Oslo - 2012

The Generalized Method of Moments (GMM) is discussed for handling the joint occurrence of fixed effects and random measurement errors in an autoregressive panel data model. Finite memory of disturbances, latent regressors and measurement errors is assumed. Two specializations of GMM are...

Persistent link: https://www.econbiz.de/10010785528

Saving and Growth: Granger Causality Analysis with Bootstrapping on Panels of Countries

Kónya, László - Department of Economics and Finance, La Trobe Business … - 2004

This paper investigates the possibility of Granger causality between the saving ratio (the proportion of gross domestic saving in GDP) and the growth rate (annual percentage change of real per capita GDP) in eighty-four countries of the world from 1961 to 2000. For technical reason, on the basis...

Persistent link: https://www.econbiz.de/10010615380

Oil price effects on personal consumption expenditures

Wang, Yu Shan - In: Energy Economics 36 (2013) C, pp. 198-204

This paper uses a logistic smooth transition model to examine the impact of rising oil prices on personal consumption expenditures in open and industrialized economies. The empirical results suggest a nonlinear and asymmetric relation between oil price changes and personal consumption...

Persistent link: https://www.econbiz.de/10010616841

Channels of risk-sharing among Canadian provinces: 1961--2006

Balli, Faruk; Basher, Syed Abul; Jean Louis, Rosmy - Volkswirtschaftliche Fakultät, … - 2011

This paper incorporates recent developments in the literature to quantify the amount of interprovincial risk-sharing in Canada. We find that 29% of shocks to gross provincial product are smoothed by capital markets, 27% are smoothed by the federal tax-transfer systems, and about 24% are smoothed...

Persistent link: https://www.econbiz.de/10009018278

House Prices, Second Mortgages and Household Savings; An Empirical Investigation for the Netherlands, 1987-1994

Rouwendal, Jan; Alessie, Rob - Tinbergen Institute - 2002

paper we study the effect of this development on the demand for second mortgages and on the savings of Dutch households. We … investigate the effect of house prices on (i) the number and size of second mortgages, (ii) the savings of owner-occupiers and … (iii) the savings of renters that may be considered as would-be owners. We find a significant effect of home equity on the …

Persistent link: https://www.econbiz.de/10005144443

House Prices, Second Mortgages and Household Savings; An Empirical Investigation for the Netherlands, 1987-1994

Rouwendal, Jan; Alessie, Rob - Tinbergen Instituut - 2002

paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We …) the savings of renters that may be considered as would-beowners. We find a significant effect of home equity on the demand … for second mortgages.Savings of homeowners decrease when house prices accelerate. We find no evidence that inc …

Persistent link: https://www.econbiz.de/10011256325

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