European Academic Research ISSN 2286-4822
ISSN-L 2286-4822
Impact Factor: 3.4546 (UIF)
DRJI Value : 5.9 (B+)
Article Details :
Article Name :
How Different Elements Affect the Rate of National Savings
Author Name :
MUHAMMAD IMRAN KHAN MUHAMMAD REHAN1 MUHAMMAD KAMRAN KHAN, MUHAMMAD IMRAN, HIBA ANSARI
Publisher :
Bridge Center
Article URL :
Abstract :
This research study shed light on those elements which effect the rate of saving in different countries of the world. Different countries were selected, based on the availability of data from the 1996-2017. Secondary panel data of the elements which effect national saving were obtained from the official website of the World Bank. Different statistical techniques such as descriptive statistics, correlation matrix, chow test and fixed effects model were applied in this research study. The results of the secondary data revealed that gross domestic product, age dependency ratio, broad money and inflation have statistically significant effect on the national savings of the selected countries while Tax revenue have non-significant effect on national saving of these countries . Gross domestic product, broad money and tax revenue have positive effect on national savings while age dependency ratio and inflation have negative effect on national savings. It is recommended that governments of these countries may attract citizen toward the saving behavior through their effective monetary policy.
Keywords :
national saving (NS), gross domestic product (GDP), age dependency ratio (ADR), broad money (BM), Inflation (CPI), Tax Revenue (TR)

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