Private Saving and Its Determinants: The Case of Pakistan
Abstract
Despite a gradual increase over the past twenty years, the rate of private saving in Pakistan remains low as compared with many of the developing economies in Asia. Empirical analysis of the long-run behaviour of saving in Pakistan suggests that financial deepening, though still at a relatively early stage of development, accounted for much of the rise in private saving. In contrast with the experience in the economies of Southeast Asia, where the demographic structure of the population changed significantly over the past two decades, high rates of population growth have kept the age structure of Pakistan’s population virtually unchanged and appear to account for the disparity between the saving rates in Pakistan and Southeast Asia. Hence, an increase in the long-run rate of private saving will likely require further financial development and a decline in the growth rate of the population.Download Info
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Article provided by Pakistan Institute of Development Economics in its journal The Pakistan Development Review.
Volume (Year): 35 (1996)
Issue (Month): 1 ()
Pages: 49-70
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Sarfraz K. Qureshi & Musleh-Ud Din & Ejaz Ghani & Kalbe Abbas, 1997.
"Domestic Resource Mobilisation for Development in Pakistan,"
The Pakistan Development Review,
Pakistan Institute of Development Economics, vol. 36(4), pages 891-912.
- Qureshi, Sarfraz K. & Din, Musleh-Ud & Ghani, Ejaz & Abbas, Kalbe, 1997. "Domestic Resource Mobilisation for Development in Pakistan," MPRA Paper 6795, University Library of Munich, Germany.
- Shahbaz Nasir & Mahmood Khalid, 2004. "Saving-investment Behaviour in Pakistan: An Empirical Investigation," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 43(4), pages 665-682.
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