The savings collapse during the transition in Eastern Europe / Cevdet Denizer, Holger C. Wolf Denizer, Cevdet

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Denizer, Cevdet
Saving and investment - Europe, Eastern.; Saving and investment - Europe, Eastern - Statistics.
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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