What Drives the Savings Rate in Middle-Income Countries?

• Autorzy: Wiktor Błoch
• Języki publikacji: EN

Abstrakty

EN

The aim of this study is to examine the factors that influence the savings rate in middle-income countries and to compare the results with other studies devoted to different subgroups of countries. Among the potential determinants of savings the study considers: demography, income level, financial sector, international trade, inflation and the structure of the economy. The research sample is confined to 44 middle-income countries and covers the period between 2000 and 2019. Six model specifications are constructed using three different estimators: FE, FGLS and PCSE. In the next step the same models are estimated using alternative dependent variables. Results suggest that industrial share in GDP has a positive impact on the savings rate. On the other hand a negative relationship was diagnosed between the savings and unemployment rates, the share of labour compensation in GDP, military expenditure, inflation and the young dependency ratio. (original abstract)

Słowa kluczowe

EN

Savings; Savings rate; Domestic savings; Income

PL

Oszczędności; Stopa oszczędności; Oszczędności krajowe; Dochody

• Czasopismo: Economics and Business Review
• Rocznik: 2023
• Tom: 9 (23)
• Numer: nr 4
• Strony: 56--73

Twórcy

autor

Wiktor Błoch

• University of Lodz

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Identyfikatory

DOI

https://doi.org/10.18559/ebr.2023.4.1072