Saving in Mexico: The National and International Evidence
AbstractHow does Mexico’s saving performance compare to the world’s? Is Mexico ‘different’? And what drives Mexico’s saving behavior since the 1980s? This paper addresses these questions bringing together empirical evidence from Mexico with that from a large cross-country time-series data set on saving aggregates and their determinants. Using dynamic panel data estimation techniques, the paper characterizes the major factors behind world saving performance. In the light of this evidence, Mexico’s saving experience is compared to the international benchmark. Further, the paper turns to quarterly time-series evidence on saving in Mexico, and examines the factors behind the observed evolution of private and national saving using a regression framework, with particular attention to the issues of inflation adjustment and Ricardian equivalence. Key variables in Mexico’s saving performance have been the terms of trade, public saving, the real interest rate, and the inflation rate. Sustained future growth could be reinforced by a virtuous saving-growth cycle, nurtured by the strong response of private (and national) saving rates to income growth observed in the world sample.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by in its journal Economia Mexicana NUEVA EPOCA.
Volume (Year): VIII (1999)
Issue (Month): 2 (July-December)
Contact details of provider:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Beck, T.H.L. & Levine, R. & Loayza, N., 2000.
"Financial intermediation and growth: Causality and causes,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-3125519, Tilburg University.
- Ross Levine & Norman Loayza & Thorsten Beck, 2002. "Financial Intermediation and Growth: Causality and Causes," Central Banking, Analysis, and Economic Policies Book Series, in: Leonardo Hernández & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (S (ed.), Banking, Financial Integration, and International Crises, edition 1, volume 3, chapter 2, pages 031-084 Central Bank of Chile.
- Levine, Ross & Loayza, Norman & Beck, Thorsten, 2000. "Financial intermediation and growth: Causality and causes," Journal of Monetary Economics, Elsevier, vol. 46(1), pages 31-77, August.
- Levine, Ross & Loayza, Norman & Beck, Thorsten, 1999. "Financial intermediation and growth : Causality and causes," Policy Research Working Paper Series 2059, The World Bank.
- Thorsten Beck & Ross Levine & Norman Loayza, 1999. "Financial Intermediation and Growth: Causality and Causes," Working Papers Central Bank of Chile 56, Central Bank of Chile.
- Norman Loayza & Klaus Schmidt-Hebbel & Luis Servén, 2001.
"Una Revisión del Comportamientoy de los Determinantes del Ahorro en el Mundo,"
Working Papers Central Bank of Chile
95, Central Bank of Chile.
- Norman Loayza & Klaus Schmidt-Hebbel & Luis Servén, 2001. "Una Revisión del COmportamiento y de los determinantes del ahorro en el mundo," Central Banking, Analysis, and Economic Policies Book Series, in: Felipe Morandé & Rodrigo Vergara & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Edi (ed.), Análisis Empírico del Ahorro en Chile, edition 1, volume 1, chapter 2, pages 13-48 Central Bank of Chile.
- David J. McKenzie, 2001. "The Household Response to the Mexican Peso Crisis," Working Papers 01017, Stanford University, Department of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ricardo Tiscareño).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.