Saving in Southeast Asia and Latin America Compared: Searching for Policy Lessons

ByChristian Thimann, Anuradha Dayal-Gulati

September 1, 1997

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Econometric analysis, Estimation techniques, Expenditure, Financial markets, Financial sector development, Income, National accounts, Pension spending, Private savings, Terms of trade

Keywords: A. saving trend, Estimation techniques, financial market, Financial sector development, GDP, government saving, Income, Latin America, Pension spending, Private savings, saving, saving behavior, saving motive, saving rate, saving scheme, Southeast Asia, WP

Pages:
25
Volume:
1997
DOI:
https://doi.org/10.5089/9781451853308.001
Issue:
110
Series:
Working Paper No. 1997/110
Stock No:
WPIEA1101997
ISBN:
9781451853308
ISSN:
1018-5941

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