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Factors Influencing Savings Rate in Malaysia

Author

Listed:
  • Dasmin Bin Hashim
  • Fauzi Bin Pin
  • Mohd Yaziz Bin Mohd Isa

Abstract

Savings is the balance out of income but is not spent on current consumption. Because we cannot anticipate what would take place in the future, we should set aside some money for unexpected events or emergencies. Without savings, unexpected events can become large financial burdens. Therefore, savings helps an individual or family become financially secure. Due to limited savings and with such low income levels, we are mostly depending on debts to finance our consumption. Currently, Malaysia household debt is amongst the highest in Asia, at 86% of GDP. There are many factors influencing savings rate in Malaysia. The paper aims to measure the economic variables that may significantly influence toward savings rate in the country.

Suggested Citation

  • Dasmin Bin Hashim & Fauzi Bin Pin & Mohd Yaziz Bin Mohd Isa, 2017. "Factors Influencing Savings Rate in Malaysia," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(6), pages 52-56, June.
    • Handle: RePEc:ibn:ijefaa:v:9:y:2017:i:6:p:52-56
    as

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    References listed on IDEAS

    as
    1. Yiing Jia Loke, 2016. "Living beyond one’s means: evidence from Malaysia," International Journal of Social Economics, Emerald Group Publishing, vol. 43(1), pages 2-18, January.
    2. Muhamed Zulkhibri & Mohamed Shukri Abdul Rani, 2016. "Term spread, inflation and economic growth in emerging markets: evidence from Malaysia," Review of Accounting and Finance, Emerald Group Publishing Limited, vol. 15(3), pages 372-392, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    savings rate; Consumer Price Index (CPI); economic growth;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

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