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Determinants of National Saving Rate in Pakistan

Author

Listed:
  • Khan, Ashfaque H.

    (Pakistan Institute of Development Economics (PIDE))

  • Hasan, Lubna

    (Pakistan Institute of Development Economics (PIDE))

  • Malik, Afia

    (Pakistan Institute of Development Economics (PIDE))

Abstract

Although Pakistan achieved a respectable rate of economic growth during the last three decades, its performance about saving has been poor. Thus, Pakistan’s saving performance and its overall economic performance appear to be incongruous. This paper identifies some of the important factors that are affecting the national saving rate in Pakistan. Beside per capita income, an increase in real interest rate is likely to increase national saving rate. High dependency ratio and external indebtedness on the other hand reduce national savings rate. Contrary to the findings of Griffin and Eons it is found that, the inflows of foreign capital increase national savings with a lag of one or two years. Furthermore, the positive association between openness of the economy and national saving rate is found in the case of Pakistan.

Suggested Citation

  • Khan, Ashfaque H. & Hasan, Lubna & Malik, Afia, 1994. "Determinants of National Saving Rate in Pakistan," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 47(4), pages 365-382.
    • Handle: RePEc:ris:ecoint:0411
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    Citations

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    Cited by:

    1. Iqbal, Z. & James, M.J. & Pyatt, G., 2000. "Three gap analysis of structural adjustment in Pakistan," Other publications TiSEM 5e27cd96-ac5f-45b1-898d-f, Tilburg University, School of Economics and Management.
    2. Nadeem Ul Haque & Musleh-ud Din & Lubna Hasan, 2007. "Research at PIDE: Key Messages," PIDE Books, Pakistan Institute of Development Economics, number 2007:2, December.
    3. Iqbal, Zafar & James, Jeffrey & Pyatt, Graham, 2000. "Three-Gap Analysis of Structural Adjustment in Pakistan," Journal of Policy Modeling, Elsevier, vol. 22(1), pages 117-138, January.
    4. Smruti Ranjan Behera, 2017. "Saving–Investment Dynamics And Capital Mobility In The Newly Industrialized Countries," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 62(02), pages 403-422, June.
    5. Nicholas Odhiambo, 2010. "Interest rate reforms, financial deepening and economic growth in Tanzania: a dynamic linkage," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 13(2), pages 201-212.
    6. Odhiambo, Nicholas M., 2005. "Money and capital investment in South Africa: A dynamic specification model," Journal of Economics and Business, Elsevier, vol. 57(3), pages 247-258.
    7. Baharumshah, Ahmad Zubaidi & Thanoon, Marwan A. & Rashid, Salim, 2003. "Saving dynamics in the Asian countries," Journal of Asian Economics, Elsevier, vol. 13(6), pages 827-845, January.
    8. Abdur Chowdhury, 2001. "The Impact of Financial Reform on Private Savings in Bangladesh," WIDER Working Paper Series DP2001-78, World Institute for Development Economic Research (UNU-WIDER).
    9. 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.
    10. Shazia Zahid, AB. Basit, 2018. "Impact of Macroeconomic Factors on the Growth of Islamic Banking: A Case of Pakistan," Journal of Finance and Economics Research, Geist Science, Iqra University, Faculty of Business Administration, vol. 3(2), pages 37-50, October.
    11. Zafar Iqbal & Ghulam Mustafa Zahid, 1998. "Macroeconomic Determinants of Economic Growth in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 37(2), pages 125-148.
    12. 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.
    13. Nicholas Odhiambo, 2004. "Money and physical capital are complementary in kenya," International Economic Journal, Taylor & Francis Journals, vol. 18(1), pages 65-78.

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