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An Empirical Investigation of the Determinants of Oman's National Savings

Author

Listed:
  • Paresh Narayan

    (Department of Accounting, Finance and Economics, Griffith University)

  • Saud AL Siyabi

    (The Ministry of Finance, Muscat, Oman)

Abstract

In this note we examine the determinants of Oman's national savings for the period 1977-2003 using the bounds testing approach to cointegration. We use the ARDL model to estimate the long run and short run determinants of national savings. Our main finding is that the current account, the urbanisation rate and the money supply exert statistically significant impacts on Oman''s national savings in the long run.

Suggested Citation

  • Paresh Narayan & Saud AL Siyabi, 2005. "An Empirical Investigation of the Determinants of Oman's National Savings," Economics Bulletin, AccessEcon, vol. 3(51), pages 1-7.
    • Handle: RePEc:ebl:ecbull:eb-05c20067
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    File URL: http://www.accessecon.com/pubs/EB/2005/Volume3/EB-05C20067A.pdf
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    References listed on IDEAS

    as
    1. Kivilcim Metin Ozcan & Asli Gunay & Seda Ertac, 2003. "Determinants of private savings behaviour in Turkey," Applied Economics, Taylor & Francis Journals, vol. 35(12), pages 1405-1416.
    2. M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
    3. Richard Cohn & Bharat Kolluri, 2003. "Determinants of household saving in the G-7 countries: recent evidence," Applied Economics, Taylor & Francis Journals, vol. 35(10), pages 1199-1208.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Masood Mashkoor Siddiqi, 2020. "Determinants of Savings Behavior in Pakistan: An Empirical Evaluation Employing the ARDL Approach," Journal of Contemporary Research in Social Sciences, Michael Laurence, vol. 2(1), pages 1-7.
    2. Mohsen Mehrara, 2011. "Health Expenditure and Economic growth: An ARDL Approach for the Case of Iran," Journal of Economics and Behavioral Studies, AMH International, vol. 3(4), pages 249-256.
    3. Tuck Cheong Tang, 2008. "Money demand function for Southeast Asian countries," Journal of Economic Studies, Emerald Group Publishing, vol. 34(6), pages 476-496, January.
    4. Tsermenidis, Konstantinos, 2014. "Προσδιοριστικοί Παράγοντες Της Εθνικής Αποταμίευσης Κατά Την Περίοδο 1990-2010 Και Μέτρα Ενίσχυσης Της Οικονομικής Ανάπτυξης [The Determinants of National Savings in Greece during the period 1990-2," MPRA Paper 56773, University Library of Munich, Germany.
    5. Tuck Cheong Tang, 2007. "Money demand function for Southeast Asian countries," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 34(6), pages 476-496, November.

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    More about this item

    JEL classification:

    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables

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