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...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2003
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| Online Access: | http://psasir.upm.edu.my/id/eprint/112711/ http://psasir.upm.edu.my/id/eprint/112711/1/112711.pdf |
| _version_ | 1848866015371329536 |
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| author | Baharumshah, Ahmad Zubaidi Thanoon, Marwan A. Rashid, Salim |
| author_facet | Baharumshah, Ahmad Zubaidi Thanoon, Marwan A. Rashid, Salim |
| author_sort | Baharumshah, Ahmad Zubaidi |
| building | UPM Institutional Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-15T14:13:53Z |
| format | Article |
| id | upm-112711 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T14:13:53Z |
| publishDate | 2003 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-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 |
| spellingShingle | Baharumshah, Ahmad Zubaidi Thanoon, Marwan A. Rashid, Salim Saving dynamics in the Asian countries |
| title | 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_short | Saving dynamics in the Asian countries |
| title_sort | saving dynamics in the asian countries |
| url | http://psasir.upm.edu.my/id/eprint/112711/ http://psasir.upm.edu.my/id/eprint/112711/ http://psasir.upm.edu.my/id/eprint/112711/ http://psasir.upm.edu.my/id/eprint/112711/1/112711.pdf |