Economisirea în România – evoluţii şi factori determinanţi

Dumitru, Ionut and Mircea, Romulus and Jianu (Dumitru), Ionela (2011): Economisirea în România – evoluţii şi factori determinanţi.

Abstract

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.

• Item Type: MPRA Paper
• English Title: Savings in Romania - developments and fundamentals
• Language: Romanian
• Keywords: private savings; panel data; Ricardian equivalence; disposable income; impact of ageing
• Subjects: E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E62 - Fiscal Policy; C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C23 - Panel Data Models ; Spatio-temporal Models; E - Macroeconomics and Monetary Economics > E0 - General > E01 - Measurement and Data on National Income and Product Accounts and Wealth ; Environmental Accounts; F - International Economics > F2 - International Factor Movements and International Business > F21 - International Investment ; Long-Term Capital Movements; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E21 - Consumption ; Saving ; Wealth

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