IDEAS home Printed from https://ideas.repec.org/a/jle/journl/v2y2015i1p47-74.html
   My bibliography  Save this article

The Determination Of The Variables Influencing The Saving Choices In Turkey By Using Canonical Correlation Analysis

Author

Listed:
  • Bahattin HAMARAT

    (Çanakkale Onsekiz Mart Üniversitesi/TÜRKİYE)

  • Ercan ÖZEN

    (UÅŸak Ãœniversitesi/TÃœRKÄ°YE)

Abstract

In this study, saving choices and the relationships between factors affecting these choices were investigated. In order to reveal these relationships, data matrixes relating 25 variables on Turkish provinces were considered. In analysing the data, Canonical Correlation Analysis as a multi-variate statistical method was conducted. The results of the analysis showed variables such as the population density, income, banks number and business number firms which are the indicators of a vigorous economy have important effects on saving choices. Besides; the amount of stock investment per person, the amount of deposit investment in Turkish Lira per person and the amount of deposit investment in Turkish Lira per account are highly influential on savings choices. According to canonical correlation coefficients, it was found the foreing exchange choices and gold choices were leastly affected as compared to other choices. This finding shows Turkish people consider the foreign exchange and gold investments as the traditional investment tools, wheras stock investment and Turkish Lira deposit investments are speculative investments.

Suggested Citation

  • Bahattin HAMARAT & Ercan ÖZEN, 2015. "The Determination Of The Variables Influencing The Saving Choices In Turkey By Using Canonical Correlation Analysis," JOURNAL OF LIFE ECONOMICS, Holistence Publications, vol. 2(1), pages 47-74, January.
    • Handle: RePEc:jle:journl:v:2:y:2015:i:1:p:47-74
    DOI: 10.15637/jlecon.58
    as

    Download full text from publisher

    File URL: https://ratingacademy.com.tr/ojs/index.php/jlecon/article/view/33/25
    Download Restriction: no
    File URL: https://libkey.io/10.15637/jlecon.58?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jle:journl:v:2:y:2015:i:1:p:47-74. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mehmet ÅžAHÄ°N (email available below). General contact details of provider: https://journals.gen.tr/index.php/jlecon .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.