Almost all of the transition economies in Eastern Europe and the former Soviet Union experienced a severe decline in their national saving rates. The saving collapse could be explained by the elimination of involuntary saving, a feature of central planning, or by a change in equilibrium saving reflecting the new economic-circumstances following the end of socialism. The predicted saving rates of market economies with the same fundamentals as the transition...
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INFORMATION
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2000/09/01
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Article de revue
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77332
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1
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1
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2013/05/20
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Disclosed
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The saving collapse during the transition in Eastern Europe
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transition economy
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