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Saving dynamics in the Asian countries

This paper investigates empirically the factors that have influenced the savings behavior in the fast growing Asian economies-Singapore, South Korea, Malaysia, Thailand and the Philippines. Both the short and long-run movements of savings are modeled during the 1960-1997. The empirical results of th...

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Main Authors: Baharumshah, Ahmad Zubaidi, Thanoon, Marwan A., Rashid, Salim
Format: Article
Language:English
Published: Elsevier 2003
Online Access:http://psasir.upm.edu.my/id/eprint/112711/1/112711.pdf
http://psasir.upm.edu.my/id/eprint/112711/
https://linkinghub.elsevier.com/retrieve/pii/S1049007802001872
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spelling my.upm.eprints.1127112025-03-05T03:40:37Z http://psasir.upm.edu.my/id/eprint/112711/ Saving dynamics in the Asian countries Baharumshah, Ahmad Zubaidi Thanoon, Marwan A. Rashid, Salim This paper investigates empirically the factors that have influenced the savings behavior in the fast growing Asian economies-Singapore, South Korea, Malaysia, Thailand and the Philippines. Both the short and long-run movements of savings are modeled during the 1960-1997. The empirical results of the analysis based on time series data may be summarized as follows: (i) foreign savings deters domestic saving both in the short and long run; (ii) savings does not Granger cause economic growth, except for Singapore; (iii) the effect of interest rate on saving in Asian countries is inconclusive and it reflects the extent of financial liberalization adopted in these countries; and (iv) in the long run the causality runs from foreign to domestic savings. Elsevier 2003 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/112711/1/112711.pdf Baharumshah, Ahmad Zubaidi and Thanoon, Marwan A. and Rashid, Salim (2003) Saving dynamics in the Asian countries. Journal of Asian Economics, 13 (6). pp. 827-845. ISSN 1049-0078; eISSN: 1873-7927 https://linkinghub.elsevier.com/retrieve/pii/S1049007802001872 10.1016/s1049-0078(02)00187-2
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description This paper investigates empirically the factors that have influenced the savings behavior in the fast growing Asian economies-Singapore, South Korea, Malaysia, Thailand and the Philippines. Both the short and long-run movements of savings are modeled during the 1960-1997. The empirical results of the analysis based on time series data may be summarized as follows: (i) foreign savings deters domestic saving both in the short and long run; (ii) savings does not Granger cause economic growth, except for Singapore; (iii) the effect of interest rate on saving in Asian countries is inconclusive and it reflects the extent of financial liberalization adopted in these countries; and (iv) in the long run the causality runs from foreign to domestic savings.
format Article
author Baharumshah, Ahmad Zubaidi
Thanoon, Marwan A.
Rashid, Salim
spellingShingle Baharumshah, Ahmad Zubaidi
Thanoon, Marwan A.
Rashid, Salim
Saving dynamics in the Asian countries
author_facet Baharumshah, Ahmad Zubaidi
Thanoon, Marwan A.
Rashid, Salim
author_sort Baharumshah, Ahmad Zubaidi
title Saving dynamics in the Asian countries
title_short Saving dynamics in the Asian countries
title_full Saving dynamics in the Asian countries
title_fullStr Saving dynamics in the Asian countries
title_full_unstemmed Saving dynamics in the Asian countries
title_sort saving dynamics in the asian countries
publisher Elsevier
publishDate 2003
url http://psasir.upm.edu.my/id/eprint/112711/1/112711.pdf
http://psasir.upm.edu.my/id/eprint/112711/
https://linkinghub.elsevier.com/retrieve/pii/S1049007802001872
_version_ 1825810711223205888
score 13.244413

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