Determinants of Saving in Poland: Are They Different from Those in Other OECD Countries?

This paper studies the drivers of total private and household saving in Poland and compares them to those in developed countries. To this end, two types of saving regressions are estimated: one based on an annual panel of OECD countries, and the other using Polish quarterly time series. Compared to a typical OECD country, Polish private and household saving rates are more affected by the process of financial deepening. They are also more sensitive to changes in government and corporate saving.