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This paper analyzes saving patterns and determinants in Latin America and the Caribbean (LAC), including key policy variables and regimes. The review of previous empirical studies on LAC saving reveals contradictions and omissions. This paper presents empirical results of an extensive search of...
Persistent link: https://www.econbiz.de/10013021442
) while the causal relationship between savings and investment utilizes Granger non-causality test of Toda and Yamamoto (1995 …). The estimators from these two procedures do not seem to support a positive correlation between savings and investment in …
Persistent link: https://www.econbiz.de/10013104332
This paper investigates the long-run pattern of private saving in Indonesia, Malaysia, Singapore, and Thailand. These countries have not only maintained saving levels that are currently among the highest in the world but have also experienced a sustained increase in their rate of private saving...
Persistent link: https://www.econbiz.de/10012781915
remittances to savings. On average, an increase in inward remittances by 1% leads to about 0.10% increase in savings ceteris … case. Quite outstanding here is the observation of the detrimental role of remittances on savings in the long-run once … direct investment (FDI), and foreign aid were found to be important moderators of the remittances-savings linkage. For the …
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This paper examines empirical determinants of private saving for a sample of economies in Southeast Asia and Latin America over the period 1975–95. It uses panel estimations to establish relationships between private saving rates and a range of policy and nonpolicy variables. The findings show...
Persistent link: https://www.econbiz.de/10014403294