IMF Working Papers

Saving Trends in Southeast Asia: A Cross-Country Analysis

By Hamid Faruqee, Aasim M. Husain

April 1, 1995

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Hamid Faruqee, and Aasim M. Husain Saving Trends in Southeast Asia: A Cross-Country Analysis, (USA: International Monetary Fund, 1995) accessed November 21, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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 over the past twenty years. Using a cointegration approach, this paper empirically examines the economic determinants underlying the saving trends in this group and the extent to which these countries share a common experience with respect to the factors accounting for their strong saving performance. The findings suggest that demographic shifts have been an important factor underlying regional saving trends with a similar long-run impact in each country, except for Indonesia where the effects of demographics have been even more pronounced.

Subject: Aging, Disposable income, Income, National accounts, Population and demographics, Private savings

Keywords: Aging, Coefficient estimate, Country estimate, Critical value, Disposable income, Engle-granger estimate, Estimation result, Income, Panel estimation, Private savings, Saving rate, Saving scheme, Southeast Asia, Time series, WP

Publication Details

  • Pages:

    34

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 1995/039

  • Stock No:

    WPIEA0391995

  • ISBN:

    9781451845778

  • ISSN:

    1018-5941

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