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articles: Regional differences in personal saving rates in Spain

Author

Listed:
  • Andrés J. Marchante

    (Department of Applied Economics, University of Malaga, Campus El Ejido, 29071 Málaga, Spain)

  • Bienvenido Ortega

    (Department of Applied Economics, University of Malaga, Campus El Ejido, 29071 Málaga, Spain)

  • Francisco Trujillo

    (Department of Applied Economics, University of Malaga, Campus El Ejido, 29071 Málaga, Spain)

Abstract

The aim of this article is to analyze, from an aggregate perspective, the differences in personal saving rates among the Spanish regions at the NUTS II level from 1986 to 1994. In accordance with the postulates of the life cycle hypothesis, we present the main economic determinants for personal saving rates obtained from an aggregate personal saving model. Correcting for temporal and spatial dependence in the empirical model, the analysis suggests the existence of a significant and negative relationship between aggregate personal saving rates and wealth, access to credit and direct tax burdens. Likewise, a nearly significant positive relationship between personal saving rates and per capita gross disposable personal income has been detected.

Suggested Citation

  • Andrés J. Marchante & Bienvenido Ortega & Francisco Trujillo, 2001. "articles: Regional differences in personal saving rates in Spain," Papers in Regional Science, Springer;Regional Science Association International, vol. 80(4), pages 465-482.
    • Handle: RePEc:spr:presci:v:80:y:2001:i:4:p:465-482
    Note: Received: 29 January 1999
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    Citations

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    Cited by:

    1. Alba Lugilde & Roberto Bande & Dolores Riveiro, 2018. "Precautionary saving in Spain during the great recession: evidence from a panel of uncertainty indicators," Review of Economics of the Household, Springer, vol. 16(4), pages 1151-1179, December.
    2. Roberto Bande & Dolores Riveiro, 2013. "Private Saving Rates and Macroeconomic Uncertainty: Evidence from Spanish Regional Data," The Economic and Social Review, Economic and Social Studies, vol. 44(3), pages 323-349.
    3. Kam, Eric, 2005. "A note on time preference and the Tobin Effect," Economics Letters, Elsevier, vol. 89(1), pages 127-132, October.

    More about this item

    Keywords

    Personal saving; life cycle hypothesis; aggregate models; spatial dependence; panel data;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
    • R29 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Other

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