The Economic and Demographic Determinants of Savings in East Asia
The Economic and Demographic Determinants of Savings in East Asia

Author: İpek Tekin

Publisher:

Published: 2018

Total Pages: 18

ISBN-13:

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Private saving rates which are the main source of investment are low not only in some emerging economies but also in industrialized countries for which it is essential and crucial to analyze the determinants of saving behavior in some of these countries. On the other hand, East Asian countries' success -particularly developing ones- is striking in terms of high saving rates. The aim of the present study is to analyse the determinants of private savings in East Asian countries that have higher rates among the other regions. In this regard, a private saving model is estimated by using Panel data analysis method that dynamic panel data analysis is specifically and differently employed. In accordance with this purpose and in line with Life Cycle Income Hypothesis, GDP growth rate, real interest rate and age dependency rate are taken into consideration as the determinants of saving behavior. Apart from these variables, other economic and demographic factors are also supposed to determine savings and included in the estimated model through which the study is more extensive than the earlier ones. According to the estimated model which is the most similar to standart life cycle model, growth and one lagged value of private saving have a positive impact on saving while dependency rate, real interest rate and government saving have a negative impact.

The Economic Consequences of Demographic Change in East Asia
The Economic Consequences of Demographic Change in East Asia

Author: Takatoshi Ito

Publisher: University of Chicago Press

Published: 2010-10-15

Total Pages: 403

ISBN-13: 0226386880

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Recent studies show that almost all industrial countries have experienced dramatic decreases in both fertility and mortality rates. This situation has led to aging societies with economies that suffer from both a decline in the working population and a rise in fiscal deficits linked to increased government spending. East Asia exemplifies these trends, and this volume offers an in-depth look at how long-term demographic transitions have taken shape there and how they have affected the economy in the region. The Economic Consequences of Demographic Change in East Asia assembles a group of experts to explore such topics as comparative demographic change, population aging, the rising cost of health care, and specific policy concerns in individual countries. The volume provides an overview of economic growth in East Asia as well as more specific studies on Japan, Korea, China, and Hong Kong. Offering important insights into the causes and consequences of this transition, this book will benefit students, researchers, and policy makers focused on East Asia as well as anyone concerned with similar trends elsewhere in the world.

Saving Trends in Southeast Asia
Saving Trends in Southeast Asia

Author: Mr.Hamid Faruqee

Publisher: International Monetary Fund

Published: 1995-04-01

Total Pages: 34

ISBN-13: 1451845774

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This paper investigates the long-run pattern of private saving in Indonesia, Malaysia, Singapore, and Thailand. These countries have not only maintained saving levels that are currently among the highest in the world but have also experienced a sustained increase in their rate of private saving over the past twenty years. Using a cointegration approach, this paper empirically examines the economic determinants underlying the saving trends in this group and the extent to which these countries share a common experience with respect to the factors accounting for their strong saving performance. The findings suggest that demographic shifts have been an important factor underlying regional saving trends with a similar long-run impact in each country, except for Indonesia where the effects of demographics have been even more pronounced.

Population and Economic Change in East Asia
Population and Economic Change in East Asia

Author: C. Y. Cyrus Chu

Publisher:

Published: 2000

Total Pages: 344

ISBN-13:

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Based on papers from a workshop entitled Economic aspects of demographic transition: the experience of Asian-Pacific countries in Asia. held at the Acadenia Sinica in Taipei, June 1998.

Implications for Savings of Aging in the Asian “Tigers”
Implications for Savings of Aging in the Asian “Tigers”

Author: Mr.Peter S. Heller

Publisher: International Monetary Fund

Published: 1997-10-01

Total Pages: 43

ISBN-13: 145185577X

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Significant aging is projected for many high-saving emerging economies of East and Southeast Asia. By 2025, the share of the elderly in their populations will at least double in most of these countries. The share of the young will fall. Aging populations could adversely affect saving rates in these economies, particularly after 2025. For the world, one may observe that, initially, the Asian Tigers could become increasingly important for world savings, reflecting their increased weight in the world economy, their high saving and growth rates, and the aging of the industrial countries. After 2025, the aging of the Tigers may reinforce the tendency toward a declining world saving rate.

Saving in Southeast Asia and Latin America Compared
Saving in Southeast Asia and Latin America Compared

Author: Mrs.Anuradha Dayal-Gulati

Publisher: International Monetary Fund

Published: 1997-09-01

Total Pages: 26

ISBN-13: 1451853300

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This paper examines empirical determinants of private saving for a sample of economies in Southeast Asia and Latin America over the period 1975–95. It uses panel estimations to establish relationships between private saving rates and a range of policy and nonpolicy variables. The findings show that fiscal policy, particularly social security arrangements, influence private saving; also macroeconomic stability and financial deepening appear to have been important in accounting for differences in saving behavior between the two regions.

Economic and Demographic Determinants of the Consumption, Saving and Borrowing Behaviors of Households
Economic and Demographic Determinants of the Consumption, Saving and Borrowing Behaviors of Households

Author: Micaela Joseph

Publisher:

Published: 2019

Total Pages:

ISBN-13:

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The personal savings rate is an unsettling subject, because every economist has distinctive opinions on the determinants of consumption, saving and borrowing behaviors of households. For instance, many individuals assume that there is a positive relationship between real disposable income and the personal savings rate. In other words, saving amongst households have increased with the growth of household wealth. On the other hand, some individuals deem that there is an inverse relationship between both variables, so much that this topic has always demanded further research to be completed. Because of my awareness and experience relating to this topic, I have chosen to examine this question. This paper will review the effect and significance of the savings rate by analyzing real disposable income, real household net worth, interest rates, and labor productivity. I will make predictions on the results. I am going to study the positive or negative outcomes between them through data examination and analysis. This thesis will also compare the data and results of the households in the United States between 1980 and 2017. This will allow us to determine if these variables are the major determinants of the personal saving rate.

Saving Trends in Southeast Asia
Saving Trends in Southeast Asia

Author: Hamid Faruqee

Publisher:

Published: 2006

Total Pages: 34

ISBN-13:

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This paper investigates the long-run pattern of private saving in Indonesia, Malaysia, Singapore, and Thailand. These countries have not only maintained saving levels that are currently among the highest in the world but have also experienced a sustained increase in their rate of private saving over the past twenty years. Using a cointegration approach, this paper empirically examines the economic determinants underlying the saving trends in this group and the extent to which these countries share a common experience with respect to the factors accounting for their strong saving performance. The findings suggest that demographic shifts have been an important factor underlying regional saving trends with a similar long-run impact in each country, except for Indonesia where the effects of demographics have been even more pronounced.