Property | Value |
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Motivated by the dominant role of cross-country heterogeneity in private saving in the creation of Eurozone imbalances over the past decade, we empirically investigate the determinants of private saving for a sample of 30 OECD countries over the period 19902010. In addition to standard macroeconomic variables, we include three country-specific cultural indicators, derived from the World and European Value Surveys. We find these three variablesthrift, trust and religiosityto significantly contribute to the explanation of cross country saving heterogeneity both for the OECD group at large and for the Eurozone countries separately.
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http://link.springer.com/article/10.1007/s10645-013-9204-6. (EVS)
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EVS-Bibliography
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Cross-Country Private Saving Heterogeneity and Culture
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Bibsonomy
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In De Economist, 161(2), 101-120, 2013
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European Values Study (EVS)
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