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