AGRAWAL, PRADEEP; PRAVAKAR, SAHOO; DASH, RANJAN KUMAR - In: The Singapore Economic Review (SER) 55 (2010) 02, pp. 273-295
This study investigates the determinants of savings behavior in India and the direction of causality between savings … and income per capita as these have important implications for development policy. We estimate long-run savings functions … access to banking facilities significantly improves savings in India. On the other hand, foreign savings and public savings …