International Advances in Economic Research

, Volume 9, Issue 4, pp 279–287 | Cite as

Empirical analysis of savings behavior in European countries: New insights

  • Cristina Ruza
  • Jose M. Montero


The primary aims of this paper is to carry out an analysis of the savings behavior by separately analyzing its public and private components and the private savings components as well. Particularly, the authors will devote attention to appraise the extent to which the substitution effect between those magnitudes have held for the last few decades in the European context. The authors will apply unit root tests and have chosen the following: Augmented Dickey-Fuller, Phillips-Perron, and Kwiatkowski-Phillips-Schmidt-Shin tests. It's expected that empirical results will shed light for policymakers aimed at being capable of increasing aggregate private savings which, in turn, will improve the country's economic growth.


Economic Growth European Country Empirical Result Empirical Analysis International Economic 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© International Atlantic Economic Society 2003

Authors and Affiliations

  • Cristina Ruza
    • 1
  • Jose M. Montero
    • 2
  1. 1.Uned UniversitySpain
  2. 2.Castilla La-Mancha UniversitySpain

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