Household savings of Slovakia: effects of banks, dependency ratio, transitory income and unemployment Online publication date: Tue, 21-Feb-2017
by Renáta Pitoňáková
International Journal of Trade and Global Markets (IJTGM), Vol. 10, No. 1, 2017
Abstract: The paper focuses on determinants of household savings in Slovakia applying quarterly data 1995 Q1 to 2015 Q1. The outcomes from the ARDL procedure suggest that in the long-run households are expecting their permanent income to be above their current income and that is associated with their dissaving behaviour, while favourable conditions in the short-run stimulate households to raise savings. The impact of credit institutions on savings is positive. Saving rate and dependency ratio of elderly stands in contradiction to the Life-Cycle Hypothesis as elderly population increases savings. Unemployment rate indicates a precautionary saving motive. About 63% of disequilibrium in the previous quarter will be corrected in the current quarter.
Online publication date: Tue, 21-Feb-2017
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Trade and Global Markets (IJTGM):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email firstname.lastname@example.org