International Evidence on the Determinants of Saving

46 Pages Posted: 13 Feb 2001

See all articles by Tamim Bayoumi

Tamim Bayoumi

International Monetary Fund (IMF); Centre for Economic Policy Research (CEPR)

Paul R. Masson

International Monetary Fund (IMF) - Research Department; The Brookings Institution

Hossein Samiei

International Monetary Fund (IMF)

Date Written: March 1996

Abstract

A broad set of possible determinants of private saving behaviour 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 saving and (for developing countries) in foreign saving, that demographics and growth are important determinants of private saving rates, and that interest rates and terms of trade have positive, but less robust, effects. Increases in per capita GDP seem to increase saving at low income levels (relative to the United States), but decrease it at higher ones.

Keywords: International comparisons, saving

JEL Classification: C33, E21, H30, J11

Suggested Citation

Bayoumi, Tamim and Masson, Paul R. and Samiei, Hossein, International Evidence on the Determinants of Saving (March 1996). CEPR Discussion Paper No. 1368. Available at SSRN: https://ssrn.com/abstract=291074

Tamim Bayoumi (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States
202-623-6333 (Phone)
202-623-4795 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Paul R. Masson

International Monetary Fund (IMF) - Research Department ( email )

700 19th Street NW
Washington, DC 20431
United States

The Brookings Institution ( email )

1775 Massachusetts Ave. NW
Washington, DC 20036-2188
United States
202-797-6278 (Phone)
202-797-2968 (Fax)

Hossein Samiei

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States
(202) 623-6356 (Phone)

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