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Determinants Of The Saving Rate: An International Comparison

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  • KOKILA DOSHI

Abstract

Economists have extensively analyzed the interactions between economic‐demographic factors and saving. Fertility rates and the dependency ratio have received considerable attention, but the effect of life expectancy improvements have not been analyzed explicitly. This paper provides an added dimension to the existing literature by empirically examining the role of life expectancy as a determinant of saving. Recent data demonstrate that life expectancy is a statistically significant and quantitatively important factor affecting less developed countries' saving performance. One must consider human capital investments when assessing population growth's impact on saving. The analysis here is one of few that incorporate human capital in defining saving. The overall results are sensitive to level of development and regional diversity.

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  • Kokila Doshi, 1994. "Determinants Of The Saving Rate: An International Comparison," Contemporary Economic Policy, Western Economic Association International, vol. 12(1), pages 37-45, January.
    • Handle: RePEc:bla:coecpo:v:12:y:1994:i:1:p:37-45
    DOI: 10.1111/j.1465-7287.1994.tb00410.x
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    Cited by:

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    3. Othman, Azura & Masih, Mansur, 2016. "Economic determinants of islamic deposits: evidence from Malaysia," MPRA Paper 100238, University Library of Munich, Germany.
    4. David Canning & Sangeeta Raja & Abdo S. Yazbeck, 2015. "Africa's Demographic Transition [La transition démographique de l’Afrique]," World Bank Publications - Books, The World Bank Group, number 22036, December.
    5. Reinhart, Carmen M. & Talvi, Ernesto, 1998. "Capital flows and saving in Latin America and Asia: a reinterpretation," Journal of Development Economics, Elsevier, vol. 57(1), pages 45-66, October.
    6. Wolfgang Britz & Roberto Roson, 2018. "Exploring Long Run Structural Change with a Dynamic General Equilibrium Model," Working Papers 2018: 12, Department of Economics, University of Venice "Ca' Foscari".
    7. Irma Didelija, 2019. "Analysis Of Empirical Literature Of Saving Determinants," Noble International Journal of Economics and Financial Research, Noble Academic Publsiher, vol. 4(12), pages 111-120, December.
    8. Michele Gragnolati & Ole Hagen Jorgensen & Romero Rocha & Anna Fruttero, 2011. "Growing Old in an Older Brazil : Implications of Population Ageing on Growth, Poverty, Public Finance, and Service Delivery," World Bank Publications - Books, The World Bank Group, number 2351, December.
    9. Mumtaz Hussain & Oscar Brookins, 2001. "On the determinants of national saving: An extreme-bounds analysis," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 137(1), pages 150-174, March.
    10. K Blackburn & H Issa, 2002. "Endogenous Life Expectancy in a Simple Model of Growth," Economics Discussion Paper Series 0217, Economics, The University of Manchester.
    11. Hubertus Bardt & Michael Groemling, 2004. "Savings in Germany and the United States," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 5(01), pages 40-47, October.
    12. Hubertus Bardt & Michael Groemling, 2004. "Savings in Germany and the United States," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 5(1), pages 40-47, October.
    13. David E. Bloom & David Canning & Bryan Graham, 2003. "Longevity and Life‐cycle Savings," Scandinavian Journal of Economics, Wiley Blackwell, vol. 105(3), pages 319-338, September.
    14. Yukio Fukumoto & Tomoko Kinugasa, 2019. "How Different are demographic impacts on trade openness by geographic region?:Findings from Europe,Asia,America,and Africa," Discussion Papers 1912, Graduate School of Economics, Kobe University.
    15. Omar Masood & Priya Darshini Pun Thapa & Olivier Levyne & Frederic Teulon & Rabeb Triki, 2014. "Does Co-integration and Causal Relationship Exist between the Non- stationary Variables for Chinese Bank’s Profitability? An Empirical Evidence," Working Papers 2014-249, Department of Research, Ipag Business School.
    16. Sebastian Edwards, 1995. "Why are Saving Rates so Different Across Countries?: An International Comparative Analysis," NBER Working Papers 5097, National Bureau of Economic Research, Inc.
    17. Mobin, Mohammad Ashraful & Masih, Mansur, 2014. "Do the macroeconomic variables have any impact on the Islamic bank deposits?An application of ARDL approach to the Malaysian market," MPRA Paper 62342, University Library of Munich, Germany.
    18. Osman, Fatimah & Masih, Mansur, 2017. "What are the drivers of islamic bank deposits ? evidence from Malaysia," MPRA Paper 103721, University Library of Munich, Germany.
    19. Zeynep Copur & Michael S. Gutter, 2019. "Economic, Sociological, and Psychological Factors of the Saving Behavior: Turkey Case," Journal of Family and Economic Issues, Springer, vol. 40(2), pages 305-322, June.
    20. Bardt, Hubertus & Grömling, Michael, 2003. "Sparen in Deutschland und den USA," IW-Trends – Vierteljahresschrift zur empirischen Wirtschaftsforschung, Institut der deutschen Wirtschaft (IW) / German Economic Institute, vol. 30(3), pages 30-40.
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    22. Edwards, Sebastian, 1996. "Why are Latin America's savings rates so low? An international comparative analysis," Journal of Development Economics, Elsevier, vol. 51(1), pages 5-44, October.
    23. Emara, Noha & KASA, Hicran, 2020. "The Non-Linear Relationship between Financial Access and Domestic Savings," MPRA Paper 99256, University Library of Munich, Germany.

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