Financial development and domestic savings in emerging Asian countries

Yılmaz Bayar
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Yılmaz Bayar: Karabuk University, Turkey

Theoretical and Applied Economics, 2014, vol. XXI, issue 7(596), 55-66

Abstract: Saving is one of the important determinants of economic growth. Therefore determinants of saving are indirectly important for a sustainable economic growth. Financial sector has come into prominence as a possible determinant of saving in the globalized financial markets. This study examines the relationship between gross domestic savings and financial development in the emerging Asian countries during the period 1992-2011 by using panel regression. We found that financial development, economic growth and real interest rate had positive impact on gross domestic saving, while aged dependency ratio had negative impact on gross domestic saving.

Keywords: financial development; gross domestic savings; panel regression. (search for similar items in EconPapers)
Date: 2014
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