| Article Details : |
|
| | | Article Name : | | | An Empirical Analysis of Determinants of Saving in
Pakistan
| | Author Name : | | | MUHAMMAD IMRAN KHAN
MUHAMMAD REHAN1
MUHAMMAD KAMRAN | | Publisher : | | | Bridge Center | | Article URL : |  | | | Abstract : | | | We applied the ARDL model in order to investigate the longrun and the short-run relationship among Domestic saving (dependent
variable), Gross Domestic Product, inflation, foreign direct investment,
urban population growth, remittances, tax revenue and broad money
(independent variables). Time series Data were obtained from 1976-
2017 from the website of World development indicator (WDI). Results
of ARDL show that all variables have a significant effect on gross
domestic saving in the long-run, but CPI has insignificant effect on
gross domestic saving in the long-run. CPI and UPG have a negative
relation with gross domestic saving in the long-run while other
variables have a positive relation with gross domestic savings in the
long-run. Remittances and tax revenue have insignificant effect while
other variables have a significant effect on gross domestic saving in the
short run. Only urban population growth has a negative effect on gross
domestic saving in the short-run. It is recommended that Proper
policies may be framed and adopt for financial institutions of the
selected countries in the study for the purpose to achieve main goal of
economic growth, capital formation. On the other hand Policies of
income effect and prices effect should be presented and adopted for
constructive changes in behavior of saving. | | Keywords : | | | Domestic saving, gross domestic product, broad money,
Inflation, remittances, foreign direct investment, tax revenue, ARDL |
|
|
|
|
|
|
|
| Announcements
|
- Volume 9, issue 5, August issue - publishing in progress
- Volume 9, Issue 2/ May 2021 publishing IN PROGRESS
- Call for Papers: open. Articles will be uploaded constantly, once the evaluation process is complete.
- The Certificates of Publication can be downloaded from RECEIVED ARTICLES section.
- COVER - VOLUME 2, ISSUE 12 / MARCH 2015
- COVER - VOLUME 3, ISSUE 2 / MAY 2015
- COVER - VOLUME 3, ISSUE 3 / JUNE 2015
- COVER - VOLUME 3, ISSUE 4 / JULY 2015
- COVER - VOLUME 3, ISSUE 8/ NOVEMBER 2015
- COVER - VOLUME 4, ISSUE 4 / JULY 2016
- COVER - VOLUME 4, ISSUE 5 / AUGUST 2016
- COVER - VOLUME 7, ISSUE 11/ FEBRUARY 2020
- Volume 9, issue 3, June 2021 publishing in progress
|
|
|
| New Launched Project |
 |
|
|
| Recommend & Share
|
|