<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0121-4772</journal-id>
<journal-title><![CDATA[Cuadernos de Economía]]></journal-title>
<abbrev-journal-title><![CDATA[Cuad. Econ.]]></abbrev-journal-title>
<issn>0121-4772</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0121-47722021000100193</article-id>
<article-id pub-id-type="doi">10.15446/cuad.econ.v40n82.78069</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[COUNTRIES IN THE HAMSTER'S WHEEL?: NURKSE-DUESENBERRY DEMONSTRATION EFFECTS AND THE DETERMINANTS OF SAVING]]></article-title>
<article-title xml:lang="es"><![CDATA[¿Países en una rueda de hámster? El efecto demostración de Nurkse-Duesenberry y los determinantes del ahorro.]]></article-title>
<article-title xml:lang="pt"><![CDATA[Países em uma roda de hamster? O efeito de demonstração Nurkse-Duesenberry e os determinantes da poupança.]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Rius]]></surname>
<given-names><![CDATA[Andrés]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Román]]></surname>
<given-names><![CDATA[Carolina]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de la República  ]]></institution>
<addr-line><![CDATA[Montevideo ]]></addr-line>
<country>Uruguay</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad de la República  ]]></institution>
<addr-line><![CDATA[Montevideo ]]></addr-line>
<country>Uruguay</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2021</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2021</year>
</pub-date>
<volume>40</volume>
<numero>82</numero>
<fpage>193</fpage>
<lpage>225</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0121-47722021000100193&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0121-47722021000100193&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0121-47722021000100193&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT 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.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN El comportamiento de las tasas de ahorro permanece como un puzle aún sin resolver. Este artículo revisa la hipótesis de que, así como se encuentran comportamientos emulativos entre consumidores, es posible explorar la existencia de patrones de emulación internacionales. Testea el efecto demostración internacional sobre las tasas de ahorro utilizando un análisis de datos de panel y propone dos medidas de exposición a pautas de consumo globales -tenencia de televisión y uso de internet-. Los resultados aportan evidencia a favor de la existencia de una relación negativa estadísticamente significativa entre el efecto demostración y las tasas de ahorro. JEL: E21, E71, O16.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[RESUMO O comportamento das taxas de poupança continua sendo um quebra-cabeça sem solução. Este artigo revisita a hipótese de que, além dos comportamentos emulativos entre consumidores, é possível explorar a existência de padrões de emulação internacionais. Testa o efeito de demonstração internacional sobre as taxas de poupança usando uma análise de dados em painel e propõe duas medidas de exposição aos padrões de consumo globais-posse de televisão e uso de internet-. Os resultados fornecem evidências a favor da existência de uma relação negativa estatisticamente significativa entre o efeito demonstração e as taxas de poupança. JEL: E21, E71, O16.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Private saving rates]]></kwd>
<kwd lng="en"><![CDATA[demonstration effect]]></kwd>
<kwd lng="en"><![CDATA[behavioural economics]]></kwd>
<kwd lng="es"><![CDATA[ahorro privado]]></kwd>
<kwd lng="es"><![CDATA[efecto demostración]]></kwd>
<kwd lng="es"><![CDATA[economía del comportamiento]]></kwd>
<kwd lng="pt"><![CDATA[poupança privada]]></kwd>
<kwd lng="pt"><![CDATA[efeito de demonstração]]></kwd>
<kwd lng="pt"><![CDATA[economia comportamental]]></kwd>
</kwd-group>
</article-meta>
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