IDEAS home Printed from https://ideas.repec.org/a/pid/journl/v20y1981i4p375-397.html
   My bibliography  Save this article

Household Saving in Pakistan: Some Findings from Time-Series Data

Author

Listed:
  • ZIA M. QURESHI

    (International Monetary' Fund.)

Abstract

The paper tests some household savings hypotheses with time-series data for Pakistan over the 1950-51-1976-77 period. The permanent income model is found to give a much better explanation of the year-to-year variations in household saving than does the simple current income model. Among other findings is a highly significant correlation between changes in the real rate of return on financial assets and household saving.

Suggested Citation

  • Zia M. Qureshi, 1981. "Household Saving in Pakistan: Some Findings from Time-Series Data," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 20(4), pages 375-397.
    • Handle: RePEc:pid:journl:v:20:y:1981:i:4:p:375-397
    as

    Download full text from publisher

    File URL: http://www.pide.org.pk/pdf/PDR/1981/Volume4/375-397.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters, in: A Theory of the Consumption Function, pages 1-6, National Bureau of Economic Research, Inc.
    2. P. J. Lawler, 1949. "The Consumption Function," The Economic Record, The Economic Society of Australia, vol. 25, pages 93-122, August.
    3. Gupta, K L, 1970. "On Some Determinants of Rural and Urban Household Saving Behaviour," The Economic Record, The Economic Society of Australia, vol. 46(116), pages 578-583, December.
    4. Gupta, K L, 1970. "Personal Saving in Developing Nations: Further Evidence," The Economic Record, The Economic Society of Australia, vol. 46(114), pages 243-249, June.
    5. K. L. Gupta, 1970. "Personal Saving in Developing Nations: Further Evidence," The Economic Record, The Economic Society of Australia, vol. 46(2), pages 243-249, June.
    6. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, March.
    7. Fry, Maxwell J, 1978. "Money and Capital or Financial Deepening in Economic Development?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 10(4), pages 464-475, November.
    8. Azizur Rahman Khan, 1972. "What Has been Happening to Real Wages in Pakistan?," Palgrave Macmillan Books, in: Keith Griffin & Azizur Rahman Khan (ed.), Growth and Inequality in Pakistan, chapter 9, pages 224-249, Palgrave Macmillan.
    9. A. P. Thirlwall, 1989. "Growth and Development," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-1-349-19837-5.
    10. K. L. Gupta, 1970. "On Some Determinants of Rural and Urban Household Saving Behaviour," The Economic Record, The Economic Society of Australia, vol. 46(4), pages 578-583, December.
    11. Mikesell, Raymond F & Zinser, James E, 1973. "The Nature of the Savings Function in Developing Countries: A Survey of the Theoretical and Empirical Literature," Journal of Economic Literature, American Economic Association, vol. 11(1), pages 1-26, March.
    12. SHIGEYUKI ABE & MAXWELL J. FRY & BYOUNG K. MIN & PAlROJ VONGVIPANOND & TEH-PEI Yu, 1975. "The Demand for Money in Pakistan.Some Alternative Estimates," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 14(2), pages 249-257.
    13. Weber, Warren E, 1970. "The Effect of Interest Rates on Aggregate Consumption," American Economic Review, American Economic Association, vol. 60(4), pages 591-600, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zafar Iqbal, 1993. "Institutional Variations in Saving Behaviour in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 32(4), pages 1293-1311.
    2. Mehboob Ahmad & Tasneem Asghar, 2004. "Estimation of Saving Behaviour in Pakistan Using Micro Data," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 9(2), pages 73-92, Jul-Dec.
    3. Ismail, Aisha & Rashid, Kashif, 2013. "Determinants of household saving: Cointegrated evidence from Pakistan (1975–2011)," Economic Modelling, Elsevier, vol. 32(C), pages 524-531.
    4. Sarfraz Khan Qureshi & Musleh Ud Din & Ejaz Ghani & Kalbe Abbas, 1999. "Domestic Resource Mobilisation for Development: An Analysis for the Past Trends and Future Options," PIDE Research Report 1999:167, Pakistan Institute of Development Economics.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gulnur MURADOGLU & Fatma TASKIN, 1996. "Differences In Household Savings Behavior: Evidence From Industrial And Developing Countries," The Developing Economies, Institute of Developing Economies, vol. 34(2), pages 138-153, June.
    2. Mirko Bendig & Lena Giesbert & Susan Steiner, 2009. "Savings, Credit, and Insurance: Household Demand for Formal Financial Services in Rural Ghana," Global Development Institute Working Paper Series 7609, GDI, The University of Manchester.
    3. Allen C. Kelley, 1980. "Interactions of Economic and Demographic Household Behavior," NBER Chapters, in: Population and Economic Change in Developing Countries, pages 403-470, National Bureau of Economic Research, Inc.
    4. He, Rong & Li, Heqing & Lian, Zeng & Zheng, Jie, 2020. "The effect of culture on consumption: A behavioral approach," Journal of Asian Economics, Elsevier, vol. 67(C).
    5. Balassa, Bela, 1989. "The effects of interest rates on savings in developing countries," Policy Research Working Paper Series 56, The World Bank.
    6. Kotlikoff, Laurence J, 1984. "Taxation and Savings: A Neoclassical Perspective," Journal of Economic Literature, American Economic Association, vol. 22(4), pages 1576-1629, December.
    7. Tirta Jaya Jenahar & Luis Mamisah, 2017. "Analysis of Farmers’ Safety Capability Reserved Costs of Rubber Gardens," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(10), pages 234-234, September.
    8. Ndanshau, Michael O. A. & Kilindo, Ali A. L., 2012. "Interest Rates and Financial Savings in Tanzania: 1967 - 2010," MPRA Paper 44387, University Library of Munich, Germany, revised Jan 2013.
    9. Sam Ouliaris, 1981. "Household Saving and The Rate of Interest," The Economic Record, The Economic Society of Australia, vol. 57(3), pages 205-214, September.
    10. Naeem AKRAM & Muhammad Irfan AKRAM, 2015. "Savings Behaviour In Muslim And Non-Muslim Countries In Context To The Interest Rate," Pakistan Journal of Applied Economics, Applied Economics Research Centre, vol. 25(2), pages 161-177.
    11. Cook, Christopher J., 1997. "On the appropriate specification of the life cycle savings rate model: The roles of sectoral shares, financial intermediation and foreign capital," International Review of Economics & Finance, Elsevier, vol. 6(2), pages 145-165.
    12. Lamberte, Mario B. & Bautista, Romeo M., 1990. "Comparative Saving Behavior of Rural and Urban Households in the Philippines," Working Papers WP 1990-15, Philippine Institute for Development Studies.
    13. Burke, Paul J. & Ahmadi-Esfahani, Fredoun Z., 2006. "Aid and growth: A study of South East Asia," Journal of Asian Economics, Elsevier, vol. 17(2), pages 350-362, April.
    14. Giovanni Cornia & Gordana Jerger, 1982. "Rural vs Urban Saving Behaviour: Evidence from an ILO Collection of Household Surveys," Development and Change, International Institute of Social Studies, vol. 13(1), pages 123-157, January.
    15. Chul‐Woo Kwon & Peter F. Orazem & Daniel M. Otto, 2006. "Off‐farm labor supply responses to permanent and transitory farm income," Agricultural Economics, International Association of Agricultural Economists, vol. 34(1), pages 59-67, January.
    16. Bunting, David, 2009. "The saving decline: Macro-facts, micro-behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 70(1-2), pages 282-295, May.
    17. Jonathan Gruber & Aaron Yelowitz, 1999. "Public Health Insurance and Private Savings," Journal of Political Economy, University of Chicago Press, vol. 107(6), pages 1249-1274, December.
    18. Lang, Harald, 1987. "Herman Wold on Optimal Properties of Exponentially Weighted Forecasts," Working Paper Series 179, Research Institute of Industrial Economics.
    19. Brautzsch, Hans-Ulrich & Günther, Jutta & Loose, Brigitte & Ludwig, Udo & Nulsch, Nicole, 2015. "Can R&D subsidies counteract the economic crisis? – Macroeconomic effects in Germany," Research Policy, Elsevier, vol. 44(3), pages 623-633.
    20. Sadullah Çelik & Yasemin Özerkek, 2008. "Panel cointegration analysis of consumer confidence and personal consumption in the European Union," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 10(2), pages 161-168, February.

    More about this item

    Statistics

    Access and download statistics

    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:pid:journl:v:20:y:1981:i:4:p:375-397. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Khurram Iqbal (email available below). General contact details of provider: https://edirc.repec.org/data/pideipk.html .

    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.