Domestic Resource Mobilisation for Development: An Analysis of the Past Trends and Future Options
AbstractThis paper examines the determinants of private, domestic, and household savings in Pakistan. The analysis shows that private savings can be expected to grow gradually as a result of rising per-capita income, falling dependency burden, improved financial deepening and macro stability. Bivariate causality tests between GNP. and savings show that GNP causes both domestic and public savings. However. the causality test is inconclusive in the case of causation between GNP and private savings. This finding has important policy implication in the sense that once a virtual cycle succeeds in accelerating growth, saving would catch up with a "lag. In this sense, financing of investment is not a major constraint. It would get relaxed wilh time as has been the case of many East Asian countries. The paper also addresses the role of long term savings instruments in increasing savings and in improving t/leirefficient allocation.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Pakistan Institute of Development Economics in its series PIDE-Working Papers with number 1999:167.
Length: 36 pages
Date of creation: 1999
Date of revision:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Khurram Iqbal).
If references are entirely missing, you can add them using this form.