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Savings in Latvia

Author

Listed:
  • Agnese Bicevska

    (Bank of Latvia)

  • Aleksejs Melihovs

    (Bank of Latvia)

  • Krista Kalnberzina

    (Bank of Latvia)

Abstract

A high saving rate is the foundation of a sustainable national social and economic policy. Nevertheless, boosting saving is not an end in itself. The process of making savings should be analysed taking into account several related aspects. This paper aims at conducting a detailed and comprehensive analysis of saving behaviour in Latvia and its estimation in the global context. Household saving behaviour and saving habits are in a particular focus and are examined econometrically using a unique source of Latvia's micro data, i.e. household budget surveys.

Suggested Citation

  • Agnese Bicevska & Aleksejs Melihovs & Krista Kalnberzina, 2009. "Savings in Latvia," Discussion Papers 2009/01, Latvijas Banka.
  • Handle: RePEc:ltv:dpaper:200901
    as

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    File URL: https://www.bank.lv/public_files/images/img_lb/izdevumi/latvian/citas/diskusij_mater/dm_2009-1_en.pdf
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    File URL: https://www.macroeconomics.lv/sites/default/files/dm_2009-1_en.pdf
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    References listed on IDEAS

    as
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    2. Kitamura, Yukinobu & Takayama, Noriyuki & Arita, Fumiko, 2001. "Household savings in Japan revisited," Research in Economics, Elsevier, vol. 55(2), pages 135-153, June.
    3. Aleksejs Meļihovs & Anna Zasova, 2009. "Assessment of the natural rate of unemployment and capacity utilisation in Latvia," Baltic Journal of Economics, Baltic International Centre for Economic Policy Studies, vol. 9(2), pages 25-46, December.
    4. Mr. Torsten M Sloek & Mr. Alexander Ludwig, 2002. "The Impact of Changes in Stock Prices and House Priceson Consumption in OECD Countries," IMF Working Papers 2002/001, International Monetary Fund.
    5. Dmitry Kulikov & Karsten Staehr, "undated". "Microeconometric analysis of household saving in Estonia: income, wealth, financial exposure," Bank of Estonia Working Papers wp2007-8, Bank of Estonia, revised 03 Feb 2015.
    6. John K Gibson & Grant M Scobie, 2001. "Household Saving Behaviour in New Zealand: A Cohort Analysis," Treasury Working Paper Series 01/18, New Zealand Treasury.
    7. Mechthild Schrooten & Sabine Stephan, 2002. "Back on Track?: Savings Puzzles in EU-Accession Countries," Discussion Papers of DIW Berlin 306, DIW Berlin, German Institute for Economic Research.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    savings; household saving habits; micro data; cross-section model;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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