Saving dynamics in the Asian countries

Baharumshah, Ahmad Zubaidi; Thanoon, Marwan A.; Rashid, Salim

doi:10.1016/s1049-0078(02)00187-2

Cited by 40 publications

(23 citation statements)

References 36 publications

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“…The classic reference isCarroll and Weil (1994) Baharumshah, Thanoon, and Rashid (2003) reach similar conclusions using data for East Asian countries Attanasio, Picci, and Scorcu (2000). find that the patterns of Granger causality between saving and growth in a large cross-country sample are not robust to minor changes in specification and econometric technique Rodrik (2000).…”

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confidence: 78%

Real Exchange Rates, Saving And Growth : Is There A Link?

Montiel¹,

Servén²

2008

Policy Research Working Papers

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The findings, interpretations, and conclusions expressed herein do not necessarily reflect the views of the sponsoring organizations or the governments they represent. The sponsoring organizations do not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of the sponsoring organizations concerning the legal status of any territory or the endorsement or acceptance of such boundaries. All queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, The World Bank,

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confidence: 78%

Real Exchange Rates, Saving And Growth : Is There A Link?

Montiel¹,

Servén²

2008

Policy Research Working Papers

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“…Horioka (1997), Escobar and Cardenas (1998), Elbadawi and Mwega (2000), Thornton (2001), Prema-Chandra and Pnag-Long (2003), Serres and Pelgrin (2003) and Modigliani and Cao (2004) show that higher age dependency ratios are associated with lower saving rates. However, other studies including Goldberger (1973), Ram (1982), Husain (1995), Faruquee andHusain (1998), andBaharumshah et al (2003) present cases in which the dependency ratio effect on savings may be insignificant or even positive.…”

Section: Introductionmentioning

confidence: 91%

Dependency Rate and Savings: The African Evidence with Panel Data

Apergis¹,

Christou²

2012

IJBM

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This study examines the impact of the age dependency ratio on domestic savings rates. We test this issue for 16 African countries using annual panel data. The empirical analysis was conducted using the panel unit roots, panel cointegration and panel causality tests. The empirical findings indicate evidence of panel cointegration. Furthermore, results from panel causality analysis reveal that dependency ratio causes savings rate negatively. Overall, our findings support the view that changes in non-working population size are important in explaining the future path of domestic savings rates in Africa.

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“…Using the Granger causality test, Mohan (2006) proved that only in 2 out of the 19 analysed countries (with different economic development level) a higher saving rate causes economic growth, in 13 countries the relation was just the opposite, in 2 there was no causal relationship, while in the rest of 2 countries there was a bidirectional causality. Baharumshah, Thanoon, and Rashid (2002) also examined the relation between economic growth and savings in five Asian countries (Singapore, South Korea, Malaysia, Thailand, and Philippines) using the VECM model and concluded that the growth rate of savings didn't determine the economic growth in all analysed countries with the exception of Singapore.…”

Section: Literature Reviewmentioning

confidence: 99%

Consumption vs. Investments for stimulating economic growth and employment in the CEE Countries – a panel analysis

Rădulescu

Şerbănescu

Sinisi

2019

Economic Research-Ekonomska Istraživanja

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The aim of this paper is to find out if the high economic growth rates achieved by the CEE countries are based either on consumption or on investments, considering many exogenous factors that impact on the economic growth and how these factors can contribute to the employment process in the CEE economies to stress if these trends of economic growth and employment are sustainable in the long run. We performed two Panel Least Squares and Pool Least Squares estimations to determine the impact of the exogenous variables on the economic growth (as GDP per capita growth) and on the unemployment rate in the short and long run, depending on the lags of the exogenous variables used in the analysis. We used yearly data series during 2004-2017 for eight selected CEE countries. Our results show that private consumption is positively related with economic growth in the short run, but it doesn't support the job creation process, in the same way as the savings rate can't determine positive effects on the employment. Public spending is strongly and negatively correlated with economic growth and positively correlated with the unemployment rate in the CEE region, while the net export is weakly impacting on the economic growth in the CEE region and doesn't support the employment process in this area. The impact of the domestic investments on the economic growth is weaker in the CEE area than the impact of both private and public spending, but they are positively correlated with the economic growth and negatively correlated with the unemployment rate, while the correlation of the foreign direct investments (FDIs) with both economic growth and unemployment is very weak, as it is the case of net exports. We conclude that the economic growth in the CEE area is mainly based on the private consumption in the short run but the private consumption doesn't support the job creation process either in the long run or in the short run. The qualitative factors included in the analysis by using global competitiveness index (corruption control, bureaucracy, infrastructure quality, governance effectiveness, political stability, ARTICLE HISTORY

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Saving dynamics in the Asian countries

Cited by 40 publications

References 36 publications

Real Exchange Rates, Saving And Growth : Is There A Link?

Real Exchange Rates, Saving And Growth : Is There A Link?

Dependency Rate and Savings: The African Evidence with Panel Data

Consumption vs. Investments for stimulating economic growth and employment in the CEE Countries – a panel analysis

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