Economisirea în România – evoluţii şi factori determinanţi
[Savings in Romania - developments and fundamentals]
The paper analyses the savings developments in Romania during transition in comparison with the other CEE countries, starting from the definition of savings from the national accounts. Moreover, saving analysis is performed by institutional sectors, especially for population and nonfinancial companies sectors. Also, the paper assesses the impact of savings on the financial balance sheets of population and companies. Using panel data covering 60 countries for 1980-2009 period, the paper is estimating some quantitative models for saving and its fundamentals. The models which are based on GMM methodology are used afterwards to assess the long term outlook of savings for Romania as well for other countries.
|Date of creation:||20 Feb 2011|
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- Cevdet Denizer & Holger C. Wolf, 2000.
"The Saving Collapse during the Transition in Eastern Europe,"
World Bank Economic Review,
World Bank Group, vol. 14(3), pages 445-455, September.
- Denizer, Cevdet*Wolf, Holger C., 2000. "The savings collapse during the transition in Eastern Europe," Policy Research Working Paper Series 2419, The World Bank.
- Cevdet Denizer & Holger C. Wolf, 1998. "Household Savings in Transition Economies," NBER Working Papers 6457, National Bureau of Economic Research, Inc.
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