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2015 | 63 | 8 | 837 – 852
Article title

DETERMINANTS OF HOUSEHOLD SAVING: EVIDENCE FROM SLOVAKIA

Content
Title variants
Languages of publication
EN
Abstracts
EN
The paper focuses upon determinants of household savings in Slovakia applying quarterly data 1995 Q1 – 2015 Q1. The results contradict to the Life-Cycle Hypothesis as positive relation between saving rate and dependency ratio was identified. Applying ARDL framework we identified the following relations. In the long-run, rising property income and dependency ratio increase household saving, while higher unemployment has a negative influence. In the short-run, savings are positively impacted by property income, dependency ratio, unemployment and saving rate from previous quarter. The speed of adjustment is fast, while about 60% of disequilibrium in the previous quarter will be corrected in the current quarter.
Contributors
  • Comenius University in Bratislava, Faculty of Social and Economic Sciences, Mlynské luhy 4, 821 05 Bratislava, Slovak Republic
References
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Publication order reference
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YADDA identifier
bwmeta1.element.cejsh-aaa5ca18-c5d9-4a41-99be-9727faca740b
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