Savings is an extensive macroeconomic process that is sensitive to many internal and external factors and to economic development policies. The paper proposes for the Romanian case the identification of the main determinants of the saving rate. An econometric study will analyze the saving from the point of view of the gross national income, the interest rate of the monetary policy and the growth rate of the resident population in Romania.
Babucea, A. G., B?l?cescu, A. (2016). Recent aspects on territorial disparities in financial behaviour of households in Romania, Annals of the „Constantin Brâncu?i” University of Târgu Jiu, Economy Series, Issue 4/ 2016, pp. 5-11;
Bandiera, O., Caprio, G. J. R., Honohan, P., Schiantarelli, F. (2000). Does Financial Reform Raise or Reduce Saving, World Bank Study draft;
Beckmann, E. (2013). Financial Literacy and Household Savings in Romania, Numeracy Vol. 6 : Iss. 2 , Article 9;
Cochrane, D., Orcutt, G. H. (1949). Application of Least-Squares Regressions to Relationships Containing Autocorrelated Error Terms, Journal of the American Statistical Association, Vol. 44, 1949, pp. 32–61.
Horioka, C. H. I., Terada-Hagiwara, A. (2012). The Determinants and The Long-Term Projections of Saving Rates in Developing Asia, National Bureau of Economic Research Working Paper;
Loayza, N., Schmidt-Hebbel, K., Serven, L. (2000). What Drives Private Saving Around the World, World Bank Study;
Misztal, P. (2011). The relationship between savings and economic growth in countries with different level of economic development. e-Finanse 7(2).
Niculescu-Aron, I. G. (2012). Analysis of Saving Behavior in Romania, Based on the “Financial Situation of the Romanian Households” Survey, Proceedings of The 6th International Days of Statistics and Economics, Prague, 13-15, 2012;
Niculescu-Aron, I. G., Mihaescu C. (2012). Determinants of Household Savings in EU: What policies for increase Savings? Procedia – Social and Behavioral Sciences, Vol. 58, 483-492.
Warneryd, K. E. (1999). The Psychology of Saving: A Study on Economic Psychology, Cheltenham: Edward Elgar Publishing;
Zhuk, M. (2015). Macroeconomic Determinants of Household Savings in Ukraine, Economics and Sociology, Vol. 8, No 3, pp. 41-54.
In-Text Citation: (Simion, 2018)
To Cite this Article: Simion, A. (2018). Savings Sensitivity & Economic Development Policies in Romania. International Journal of Academic Research in Business and Social Sciences, 8(6), 136–145.
Copyright: © 2018 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode
