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Cuadernos de Economía
versión impresa ISSN 0121-4772versión On-line ISSN 2248-4337
Resumen
RIUS, Andrés y ROMAN, Carolina. COUNTRIES IN THE HAMSTER'S WHEEL?: NURKSE-DUESENBERRY DEMONSTRATION EFFECTS AND THE DETERMINANTS OF SAVING. Cuad. Econ. [online]. 2021, vol.40, n.82, pp.193-225. Epub 01-Mar-2021. ISSN 0121-4772. https://doi.org/10.15446/cuad.econ.v40n82.78069.
Throughout the world, stable regional patterns relating to private savings are hard to access. This article revisits the hypothesis that, as there is evidence of emulation patterns between consumers, there might be international (macroeconomic) "emulation". We test demonstration effect theories exploiting international data on savings, incomes, and means of global exposure. We use two methods of media communication given that their penetration peaked at different times in the sample period: TV and internet were a means of discovering foreign consumption standards. With the resulting country panels, we find some evidence in favour of a statistically significant negative association for the demonstration effect.
JEL: E21, E71, O16.
Palabras clave : Private saving rates; demonstration effect; behavioural economics.