Saving in Developing Countries: An Overview

World Bank Economic Review, 14(3): 393-414, 2000

Posted: 5 Oct 2017

See all articles by Norman Loayza

Norman Loayza

World Bank - Research Department

Luis Servén

World Bank - Development Research Group (DECRG)

Klaus Schmidt-Hebbel

Pontifical Catholic University of Chile

Date Written: September 1, 2000

Abstract

This article reviews the current state of knowledge on the determinants of saving rates, presenting the main findings and contributions of the recently completed World Bank research project, "Saving Across the World." The article discusses the basic design of the research project and its core database, the World Saving Database. It then summarizes the main project results and places them in the context of the literature on saving, identifying the key policy and nonpolicy determinants of private saving rates. Special attention is paid to the relationship between growth and saving and the impact of specific policies on saving rates. The article concludes by introducing the studies included in this special issue.

Suggested Citation

Loayza, Norman and Servén, Luis and Schmidt-Hebbel, Klaus, Saving in Developing Countries: An Overview (September 1, 2000). World Bank Economic Review, 14(3): 393-414, 2000. Available at SSRN: https://ssrn.com/abstract=3041389

Norman Loayza

World Bank - Research Department ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

Luis Servén

World Bank - Development Research Group (DECRG)

1818 H. Street, N.W.
MSN3-311
Washington, DC 20433
United States

Klaus Schmidt-Hebbel (Contact Author)

Pontifical Catholic University of Chile ( email )

Av. Vicuna Mackenna 4860
Santiago
Chile

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