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In the present paper an empirical analysis will point out that loans to households trigger consumption which in turn through the creation of economic growth, as claimed by Saito (2007), reduces unemployment. Austerity measures should not last for too long, since economy will face too many...
Persistent link: https://www.econbiz.de/10013096108
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...
Persistent link: https://www.econbiz.de/10012781904
This article examines the impact of the banking sector development on households' saving dynamics in the emerging economies of Eastern Europe. For this purpose, we use the mean group FMOLS estimator to estimate the saving function augmented with variables characterizing three dimensions of the...
Persistent link: https://www.econbiz.de/10013023561
correlation between households' risk attitude and their resilience-building strategies, namely savings as an absorptive capacity …
Persistent link: https://www.econbiz.de/10014428159
This paper examines the impact of demographic factors on saving, investment, and external balances. We derive a number of semi-structural equations from national accounting principle and the principle that external balances for the world as a whole must sum to zero. The resulting equations...
Persistent link: https://www.econbiz.de/10003767733
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/10011327548
According to the National Accounts the German savings rate has increased continuously since 2001 after it fell … continuously from 1991. This increase was rather unexpected and hence it is interesting to analyse whether the savings rate of the … total population has increased or whether the increase in the aggregated savings rate has been due to the fact that the …
Persistent link: https://www.econbiz.de/10013149785
After the collapse in the early transition years, saving rates in Eastern European EU-accession countries have recovered strongly. But is private saving in these countries now driven by the same forces as in the EU? A GMM estimator is applied to analyze the determinants of private saving in both...
Persistent link: https://www.econbiz.de/10014065939
Blundell, Pistaferri, and Preston (American Economic Review, 2008, 98(5), 1887-1921) report an estimate of household consumption insurance with respect to permanent income shocks of 36%. In replicating findings for their model and data, we find that this estimate is distorted by a code error and...
Persistent link: https://www.econbiz.de/10012854531
The paper analyzes the impact of positive and negative income shocks on household consumption as part of checking the reasons for non-fulfillment of classical consumption theories. The analysis is carried out using data for the period from 2006 to 2019 for individual Russian households available...
Persistent link: https://www.econbiz.de/10014351525