02208cas a2200265 a 4500 AALejournalIMF014804 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475545517 1018-5941 BD-DhAAL BD-DhAAL Grigoli, Francesco. World Saving / Francesco Grigoli, Alexander Herman, Klaus Schmidt-Hebbel. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (55 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in five dimensions. First, it is based on a very large and recent database, covering 165 countries from 1981 to 2012. Second, it conducts a robustness analysis across different estimation techniques. Third, the empirical search is expanded by including potential saving determinants identified by theory but not previously considered in the empirical literature. Fourth, the paper explores differences in saving behavior nesting the 2008-10 crisis period and four different country groups. Finally, it also searches for commonalities and differences in behavior across national, private, household, and corporate saving rates. The results confirm in part existing research, shed light on some ambiguous or contradictory findings, and highlight the role of neglected determinants. Compared to the literature, we find a larger number of significant determinants of saving rates, using different estimators, for different periods and country groups, and for different saving aggregates. Mode of access: Internet Herman, Alexander. Schmidt-Hebbel, Klaus. IMF Working Papers; Working Paper ; No. 2014/204 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/204/001.2014.issue-204-en.xml IMF e-Library