000			01654nam a22002537a 4500
003			ZW-GwMSU
005			20240419105259.0
008			240419b |||||||| |||| 00| 0 eng d
022			_a09670750
040			_aMSU _bEnglish _cMSU _erda
050	0	0	_aHC244 ECO
100	1		_aSchrooten, Mechthild _eauthor
245	1	0	_aPrivate savings and transition: _bdynamic panel data evidence from accession countries/ _ccreated by Mechthild Schrooten and Sabine Stephan
264	1		_aOxford: _bBlackwell Publishing, _c2005.
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_aEconomics of transition _vVolume 13, number 2
520	3		_aAfter 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 country groups. The main results are: saving rates are rather persistent; income growth increases saving, whereas public saving crowds out private saving. There is evidence that in both country groups domestic saving and foreign capital operate at least partly as substitutes, which is an indicator for international financial integration. The long-run effects of income growth and public saving are larger in the EU-15 than in the EU-accession countries.
650			_aSavings _vPanel study _xEconomic transition _zEU countries
700	1		_aStephan, Sabine _eco author
856			_uhttps://doi.org/10.1111/j.1468-0351.2005.00217.x
942			_2lcc _cJA
999			_c164966 _d164966