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Empirical analysis of savings behavior in European countries: New insights

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  • Cristina Ruza
  • Jose Montero

Abstract

The primary aims of this paper is to carry out an analysis of the savings behavior by separately analyzing its public and private components and the private savings components as well. Particularly, the authors will devote attention to appraise the extent to which the substitution effect between those magnitudes have held for the last few decades in the European context. The authors will apply unit root tests and have chosen the following: Augmented Dickey-Fuller, Phillips-Perron, and Kwiatkowski-Phillips-Schmidt-Shin tests. It's expected that empirical results will shed light for policymakers aimed at being capable of increasing aggregate private savings which, in turn, will improve the country's economic growth. Copyright International Atlantic Economic Society 2003

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  • Cristina Ruza & Jose Montero, 2003. "Empirical analysis of savings behavior in European countries: New insights," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 9(4), pages 279-287, November.
    • Handle: RePEc:kap:iaecre:v:9:y:2003:i:4:p:279-287:10.1007/bf02296176
    DOI: 10.1007/BF02296176
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    Cited by:

    1. Abir Mandal & James Payne, 2007. "The long-run relationship between private and public savings: An empirical note," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 31(1), pages 99-103, March.

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