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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