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Saving in Developing Countries: An Overview |
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| Authors: | Loayza Norman; Schmidt-Hebbel Klaus; Serven Luis |
| Institution: | Central Bank of Chile and the Development Research Group at the World Bank nloayza{at}condor.bcentral.cl the Central Bank of Chile kscbmidt{at}condor.bcentral.cl Chief Economist Office of the Latin America and the Caribbean Region at the World Bank lseren{at}worldbank.org |
| Abstract: | This article reviews the current state of knowledge on the determinantsof saving rates, presenting the main findings and contributionsof the recently completed World Bank research project, ‘SavingAcross the World.’ The article discusses the basic designof the research project and its core database, the World SavingDatabase. It then summarizes the main project results and placesthem in the context of the literature on saving, identifyingthe key policy and nonpolicy determinants of private savingrates. Special attention is paid to the relationship betweengrowth and saving and the impact of specific policies on savingrates. The article concludes by introducing the studies includedin this special issue. |
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