114
Views
36
CrossRef citations to date
0
Altmetric
Original Article

Private saving determinants in European countries: A panel cointegration approach

Pages 553-569 | Published online: 09 Dec 2019

References

  • O.P.AttanasioL.PicciA.ScorcuSaving growth and investment: A macroeconomic analysis using panel of countriesReview of Economics and Statistics8222000182211
  • B.BalassaThe effects of interest rates on saving in developing countriesBanca Nazionale del Lavoro Quarterly Review1721990101118
  • B.H.BaltagiEconometric analysis of panel data2nd ed.2001John Wiley
  • O.BandieraG.CaprioP.HonohanF.SchiantarelliDoes financial reform raise or reduce saving?Review of Economics and Statistics8222000239263
  • R.BarroAre government bonds net wealth?Journal of Political Economy826197410951118
  • B.D.BernheimRicardian Equivalence: An evaluation of theory and evidence. NBER Macroeconomics Annual 19871987NBERCambridge, MA
  • A.Börsch-SupanA.BrugiaviniSaving: The policy debate in EuropeOxford Review of Economic Policy1712001116143
  • B.BosworthSaving and investment in the open economy1993The Brookings InstitutionWashington, DC
  • M.CárdenasA.EscobarSaving determinants in Colombia: 1925–1994Journal of Development Economics571998544
  • C.CarrollL.SummersConsumption growth parallels income growthD.BernheimJ.ShovenNational saving and economic performance1991NBER/University of Chicago PressChicago
  • C.CarrollD.N.WeilSaving and growth: A reinterpretationCarnegie-Rochester Conference Series on Public Policy401994133192
  • Chiang, M. H., & Kao, C. (2002). Nonstationary Panel Time Series Using NPT 1.3-User Guide. Center for Policy Research, Syracuse University (http://www.maxwell.syr.edu/maxpages/faculty/cdkao/working/npt.pdf).
  • V.CorboK.Schmidt-HebbelPublic policies and saving in developing countriesJournal of Development Economics36199189115
  • B.A.DalamagasHow rival are the Ricardian Equivalence proposition and the fiscal policy potency view?Scottish Journal of Political Economy3941992457476
  • B.A.DalamagasTesting Ricardian Equivalence: A reconsiderationApplied Economics24119925968
  • A.DeatonGrowth and saving: What do we know, what do we need to know and what might we learn1995World Bank Policy Research DepartmentWashington
  • D.A.DickeyW.A.FullerDistributions of the estimators for autoregressive time series with a unit rootJournal of the American Statistical Association741979427431
  • D.A.DickeyW.A.FullerThe likelihood ratio statistics for autoregressive time series with a unit rootEconometrica49198110571072
  • S.EdwardsWhy are Latin America's saving rates so low? An international comparative analysisJournal of Development Economics5111996544
  • M.J.FryMoney, interest, and banking in economic development2nd ed.1995Johns HopkinsBaltimore
  • Gersovitz, M. (1988). Saving and development. In Chenery, H., & Srinivasan, T. (Eds.), Handbook of development economics: Vol. 1. Amsterdam, North Holland.
  • J.W.GrahamInternational differences in saving rates and the life-cycle hypothesisEuropean Economic Review31198715091529
  • K.HadriTesting for stationarity in heterogeneous panel dataEconometrics Journal32000148161
  • N.U.HaqueM.H.PesaranS.SarmaNeglected heterogeneity and dynamics in cross-country saving regressions1999University of Cambridge, mimeo
  • M.HurdResearch on the aged: Economic status, retirement, and consumptionJournal of Economic Literature2821990565637
  • K.ImH.PesaranY.ShinTesting for unit roots in heterogeneous panelsJournal of Econometrics11520035374
  • T.JappelliM.PaganoSaving, growth and liquidity constraintsQuarterly Journal of EconomicsCIX1199483109
  • S.JohansenStatistical and hypothesis testing of cointegration vectorsJournal of Economic Dynamics and Control121988231254
  • S.JohansenK.JuseliusMaximum likelihood estimation and inference on cointegration—With applications to the demand for moneyOxford Bulletin of Economics and Statistics521990169210
  • S.JohansenK.JuseliusTesting structural hypotheses in a multivariate cointegration analysis at the purchasing power parity and the uncovered interest parity for the UKJournal of Econometrics531992211244
  • C.KaoSpurious regression and residual based tests for cointegration in panel dataJournal of Econometrics901999144
  • C.KaoM.H.ChiangOn the estimation and inference of a cointegrated regression in panel dataAdvances in Econometrics152000179222
  • H.KhaledA.P.ThirlwallDifferences in the domestic savings ratio across countries: A panel data studyJournal of Development Studies3619993152
  • D.KwiatkowskiP.C.B.PhillipsP.SchmidtY.ShinTesting the null hypothesis of stationarity against the alternative of a unit rootJournal of Econometrics541992159178
  • R.LarssonJ.LyhagenM.LothgrenLikelihood-based cointegration tests in heterogeneous panelsEconometrics Journal42001109142
  • Levin, A., & Lin, C. F. (1993). Unit root tests in panel data: new results. Working Paper. San Diego: University of California.
  • N.LoayzaK.Schmidt-HebbelL.ServénWhat drives private saving across the world?The Review of Economics and Statistics8222000165181
  • R.López MurphyF.NavajasDomestic saving, public saving and expenditures on consumer durable goods in ArgentinaJournal of Development Economics57199897116
  • Masson, P., Bayoumi, T., & Samiei, H. (1995). Saving behavior in industrial and developing countries. IMF, Working Paper, No. S1.
  • P.MassonT.BayoumiH.SamieiInternational evidence on the determinants of private savingWorld Bank Economic Review1231998483501
  • F.ModiglianiThe life cycle hypothesis of saving, the demand for wealth and the supply of capitalSocial Research331966160217
  • F.ModiglianiThe life-cycle hypothesis of saving and inter-country differences in the saving ratioW.EltisM.ScottJ.WolfeInduction, growth and trade, Essays in honor of Sir Roy Harrod1970ClarendonOxford
  • F.G.MorandéSaving in Chile. What went right?Journal of Development Economics571998201228
  • M.OgakiJ.OstryC.ReinhartSaving behaviour in low- and middle income developing countriesInternational Monetary Fund Staff Papers43119963897
  • OstryLevyHousehold saving in France: Stochastic income and financial deregulationInternational Monetary Fund Staff Papers41995375397
  • Pedroni, P. (1997). Panel cointegration: Asympotic and finite sample properties of pooled time series tests with an application to the PPP hypothesis. New Results. Indiana University, mimeo.
  • P.PedroniCritical values for cointegration tests in heterogeneous panels with multiple regressorsOxford Bulletin of Economics and Statistics611999653670
  • P.PedroniFully modified OLS for heterogeneous cointegrated panelsNonstationary panels, panel cointegration and dynamic panels Vol. 15 (2000) Elsevier Science Inc.. 93–130.
  • P.PerronTrends and random walks in macroeconomic time: Series further evidence from a new approachJournal of Economic Dynamics and Control121988297332
  • M.H.PesaranR.SmithEstimating long-run relationships from dynamic heterogeneous panelsJournal of Econometrics68199579113
  • P.C.B.PhillipsTime series regression with a unit rootEconometrica551987277346
  • P.C.B.PhillipsB.E.HansenStatistical inference in instrumental variables regression with I(1) processesReview of Economic Studies57199099125
  • P.C.B.PhillipsP.PerronTesting for a unit root in time series regressionBiometrica751988335346
  • N.SarantisC.StewartSaving behaviour in OECD countries: Evidence from panel cointegration testsThe Manchester School Supplement6920012241

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.