European Academic Research ISSN 2286-4822
ISSN-L 2286-4822
Impact Factor: 3.4546 (UIF)
DRJI Value : 5.9 (B+)
Article Details :
Article Name :
Determinants of National Saving: Evidence from South Asian Countries
Author Name :
MUHAMMAD IMRAN KHAN JIAN-ZHOU TENG1 MUHAMMAD KAMRAN KHAN, MUHAMMAD NAUMAN, ARSHAD ULLAH JADOON
Publisher :
Bridge Center
Article URL :
Abstract :
This research paper investigated determinants of national saving in six South Asian countries including Sri Lanka, Nepal, Pakistan, Bangladesh, India and Bhutan. Panel data were used for econometrics analysis of the selected countries from the year 1989-2013 duly obtained from the official website of World Bank. Different kinds of econometrics techniques were applied for analysis such as correlation matrix, descriptive statistics and fixed effects model in this research paper. Results of fixed effect model indicate that inflation, tax and gross domestic product have statistically significant effect on the gross domestic savings while per capita income, interest, money supply growth and age dependency ratio have non-significant effect on gross domestic saving. Inflation, tax revenue and gross domestic product showed positive effect on gross domestic saving. Based on results of this research paper it is recommended that these selected countries should adopt proper policies for financial institutions in order to encourage saving behavior among their citizens.
Keywords :
National Saving, Gross domestics saving, Inflation, Per capita income, Tax revenue, Gross Domestic Product, Interest rate, Money supply and Age dependency Ratio

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