@techreport{bfeb2da03af74e33bf094f9c7a27dd0b,
title = "Cross-Country Private Saving Heterogeneity and Culture",
abstract = "Motivated by the dominant role of cross-country heterogeneity in private saving in the creation of Eurozone imbalances over the past decade, we empirically investigate the determinants of private saving for a sample of 30 OECD countries over the period 1990-2010. In addition to standard macroeconomic variables, we include three country-specific cultural indicators, derived from theWorld and European Value Surveys. We find these three variables - thrift, trust and religiosity - to significantly contribute to the explanation of cross country saving heterogeneity both for the OECD group at large and for the Eurozone countries separately.",
keywords = "culture, institutions, current account, Eurozone imbalances",
author = "{de Castro Campos}, M. and C.J.M. Kool and J. Muysken",
year = "2013",
language = "English",
series = "Discussion Paper Series / Tjalling C. Koopmans Research Institute ",
publisher = "UU USE Tjalling C. Koopmans Research Institute",
number = "02",
type = "WorkingPaper",
institution = "UU USE Tjalling C. Koopmans Research Institute",
}