International Conference on Eurasian Economies
29-31 August 2016 – Kaposvár, HUNGARY
Paper detail
Paper ID : 1683
Status : Paper published
Language : Turkish
Topic : Macroeconomics
Presenter: Ph.D. candidate Murat Eren
Session : 2D Finans II
The Relationships Between Private Pension System, Saving Rate and Current Deficit: An Application on OECD Countries
Bireysel Emeklilik, Tasarruf Oranı ve Cari Açık Arasındaki İlişkiler: OECD Ülkeleri Üzerine Bir Uygulama
- Prof. Dr. Selim Başar (Atatürk University, Türkiye)
- Ph.D. candidate Murat Eren (Atatürk University, Türkiye)
- Ph.D. candidate Gürkan Bozma (Iğdır University, Türkiye)
Abstract
Today developed and developing economies have many problems. Some of these problems are created by global conjuncture and the rest of them are originated by problems which can be seen in some specific economies. One of the most important problems of economies is low saving rate. Since low saving rate can cause through to inability to increase investments and inability to reduce current account deficit, to remain below potential growth. The governments which want to increase the level of savings may use the private pension system as a political tool to increase domestic savings and decrease current account deficit. In accordance with this development, the relationships between private pension system, savings rate and current account deficit have been examined by using panel causality test for 14 OECD countries over the period 2005-2014. The findings indicate that developments in the private pension system leads to improvement in the current account balance.
JEL codes: C01, C33, E21
Başar, Selim, Eren, Murat, Bozma, Gürkan (2016). "The Relationships Between Private Pension System, Saving Rate and Current Deficit: An Application on OECD Countries" in Proceedings of International Conference of Eurasian Economies 2016, pp.591-597, Kaposvár, HUNGARY.
DOI: https://doi.org/10.36880/C07.01683
