Macroeconomic Determinants of Household Savings in Ukraine

• Autorzy: Mykola Zhuk
• Języki publikacji: EN

Abstrakty

EN

The article elaborates on the issue of household savings in Ukraine and investigates the most significant macroeconomic indicators that influence their formation. The research also focuses on testing the hypothesis of structural breaks in formation of household savings in Ukraine after the World financial crisis. Formation process of household savings was studied with using the econometric modeling, particularly a multiple linear regression model with an error correction term. Estimated model demonstrated adequacy, stability as well as good performance and could be used for forecasting. Our results showed that household consumption expenditures and gross national income were the most significant macroeconomic determinants of household savings in Ukraine. In contrast to expectations, hypothesis testing indicated structural break in formation of household savings in Ukraine only in 2010. (original abstract)

Słowa kluczowe

EN

Household savings; Macroeconomic conditions

PL

Oszczędności gospodarstw domowych; Uwarunkowania makroekonomiczne

• Czasopismo: Economics & Sociology
• Rocznik: 2015
• Tom: 8
• Numer: nr 3
• Strony: 41--54

Twórcy

autor

Mykola Zhuk

• Ivan Franko National University of Lviv, Lviv, Ukraine

Bibliografia

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Identyfikatory

DOI

10.14254/2071-789X.2015/8-3/3