The Savings collapse during the transition in Eastern Europe
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...
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| Format: | Book |
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Washington, DC:
World Bank, Europe and Central Asia Region, Poverty Reduction and Economics Management Sector Unit,
[2000].
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| Series: | Policy research working papers
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| Online Access: | http://econ.worldbank.org/docs/1174.pdf |
| Summary: | 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? |
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| Item Description: | Title from title screen as viewed on Oct. 15, 2002. |
| Format: | Mode of access: World Wide Web. |