Saving Trends in Southeast Asia: A Cross-Country Analysis
IMF Working Papers, April 1, 1995
Source details
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- Saving Trends in Southeast Asia: A Cross-Country Analysis
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Bibliographic details
- Authors: Hamid Faruqee, Aasim M. Husain
- Published: April 1, 1995
- Series: IMF Working Papers
Core findings
- The paper investigates the long-run pattern of private saving in Indonesia, Malaysia, Singapore, and Thailand.
- These countries have maintained saving levels that are currently among the highest in the world.
- These countries have experienced a sustained increase in their rate of private saving over the past twenty years.
- 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.
Methodology
- Uses a cointegration approach.
- Empirically examines the economic determinants underlying the saving trends in this group.
- Examines the extent to which these countries share a common experience with respect to the factors accounting for their strong saving performance.
Subjects and keywords (as listed)
- Subjects: Aging, Disposable income, Income, National accounts, Population and demographics, Private savings
- Keywords: Aging, coefficient estimate, country estimate, critical value, Disposable income, Engle-granger estimate, estimation result, Income, panel estimation, Private savings, saving rate, saving scheme, Southeast Asia, time series, WP