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What happened to savings during the financial crisis: a dynamic panel analysis of Asian-5 countries.

This article examines the determinants of saving rates in five Asian (Asian-5; Malaysia, Singapore, Thailand South Korea and the Philippines) countries over the 1970-2000 period. The focus is on the relationship between savings rates and foreign capital inflows before and in the financial crises. Ma...

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Main Authors: Thanoon, Marwan Abdul-Malik, Baharumshah, Ahmad Zubaidi
Format: Article
Language:English
English
Published: Springer 2007
Online Access:http://psasir.upm.edu.my/id/eprint/18360/1/What%20happened%20to%20savings%20during%20the%20financial%20crisis.pdf
http://psasir.upm.edu.my/id/eprint/18360/
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spelling my.upm.eprints.183602016-01-21T01:37:37Z http://psasir.upm.edu.my/id/eprint/18360/ What happened to savings during the financial crisis: a dynamic panel analysis of Asian-5 countries. Thanoon, Marwan Abdul-Malik Baharumshah, Ahmad Zubaidi This article examines the determinants of saving rates in five Asian (Asian-5; Malaysia, Singapore, Thailand South Korea and the Philippines) countries over the 1970-2000 period. The focus is on the relationship between savings rates and foreign capital inflows before and in the financial crises. Major findings from the dynamic panel regressions are: (i) foreign savings depresses domestic savings ratio in the short as well as in the long run and the offset appears to be larger in the crisis period; (ii) real interest has a small negative effect on savings in the short and long run; (iii) the demographic factor explains a large portion of the long run trends but not the short-term fluctuations in savings rates; and (iv) high savings ratios in the countries studied is linked to the export sector. © Springer Science+Business Media, LLC 2006. Springer 2007-12 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/18360/1/What%20happened%20to%20savings%20during%20the%20financial%20crisis.pdf Thanoon, Marwan Abdul-Malik and Baharumshah, Ahmad Zubaidi (2007) What happened to savings during the financial crisis: a dynamic panel analysis of Asian-5 countries. Economic Change and Restructuring, 38 (3-4). pp. 257-275. ISSN 1573-9414 10.1007/s10644-006-9006-9 English
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
English
description This article examines the determinants of saving rates in five Asian (Asian-5; Malaysia, Singapore, Thailand South Korea and the Philippines) countries over the 1970-2000 period. The focus is on the relationship between savings rates and foreign capital inflows before and in the financial crises. Major findings from the dynamic panel regressions are: (i) foreign savings depresses domestic savings ratio in the short as well as in the long run and the offset appears to be larger in the crisis period; (ii) real interest has a small negative effect on savings in the short and long run; (iii) the demographic factor explains a large portion of the long run trends but not the short-term fluctuations in savings rates; and (iv) high savings ratios in the countries studied is linked to the export sector. © Springer Science+Business Media, LLC 2006.
format Article
author Thanoon, Marwan Abdul-Malik
Baharumshah, Ahmad Zubaidi
spellingShingle Thanoon, Marwan Abdul-Malik
Baharumshah, Ahmad Zubaidi
What happened to savings during the financial crisis: a dynamic panel analysis of Asian-5 countries.
author_facet Thanoon, Marwan Abdul-Malik
Baharumshah, Ahmad Zubaidi
author_sort Thanoon, Marwan Abdul-Malik
title What happened to savings during the financial crisis: a dynamic panel analysis of Asian-5 countries.
title_short What happened to savings during the financial crisis: a dynamic panel analysis of Asian-5 countries.
title_full What happened to savings during the financial crisis: a dynamic panel analysis of Asian-5 countries.
title_fullStr What happened to savings during the financial crisis: a dynamic panel analysis of Asian-5 countries.
title_full_unstemmed What happened to savings during the financial crisis: a dynamic panel analysis of Asian-5 countries.
title_sort what happened to savings during the financial crisis: a dynamic panel analysis of asian-5 countries.
publisher Springer
publishDate 2007
url http://psasir.upm.edu.my/id/eprint/18360/1/What%20happened%20to%20savings%20during%20the%20financial%20crisis.pdf
http://psasir.upm.edu.my/id/eprint/18360/
_version_ 1643826780961767424
score 13.211869

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