The savings collapse during the transition in Eastern Europe

Description

The transition economies of Eastern Europe almost uniformly experienced a precipitous plunge in savings rates - from levels above 30 percent of GDP to levels about half that - early in the transition, before rebounding slightly. Did savings collapse because involuntary savings were eliminated (when goods became available for purchase) or because of a change in equilibrium savings, reflecting the changed economic circumstances and long-term prospects?

Subjects

Genres

• Statistics

Series Statement

• Policy research working paper ;
• 2419
• Policy research working papers (Online) ;

Links

• http://econ.worldbank.org/view.php?type=5&id=1174
• URL

Other Editions

• The savings collapse during the transition in Eastern EuropeWorld Bank2000-01-01
• The savings collapse during the transition in Eastern EuropeElectronic resourceWorld Bank, Europe and Central Asia Region, Poverty Reduction and Economics Management Sector Unit2000