articles: Regional differences in personal saving rates in 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.Download Info
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Bibliographic Info
Article provided by Springer in its journal Papers in Regional Science.
Volume (Year): 80 (2001)
Issue (Month): 4 ()
Pages: 465-482
Note: Received: 29 January 1999
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Web page: http://link.springer.de/link/service/journals/10110/index.htm
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Related research
Keywords: Personal saving; life cycle hypothesis; aggregate models; spatial dependence; panel data;Find related papers by JEL classification:
- E21 - Macroeconomics and Monetary Economics - - Macroeconomics: 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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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Roberto Bande & Dolores Riveiro, 2012.
"Private Saving Rates and Macroeconomic Uncertainty: Evidence from Spanish Regional Data,"
Documentos de trabajo - IRENe
0004, IDEGA - Instituto Universitario de Estudios e Desenvolvemento de Galicia.
- Bande, Roberto & Riveiro, Dolores, 2012. "Private Saving Rates and Macroeconomic Uncertainty: Evidence from Spanish Regional Data," MPRA Paper 42647, University Library of Munich, Germany.
- Kam, Eric, 2005. "A note on time preference and the Tobin Effect," Economics Letters, Elsevier, vol. 89(1), pages 127-132, October.
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