Factors Inducing the Investment and Saving Behaviour in Pakistan

Muhammad Farhan Ashraf (), Muhammad Mehran Latif and Hina Kanwal ()
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Muhammad Farhan Ashraf: Research Consultant, Pakistan.
Hina Kanwal: Pakistan Institute of Development Economics, Islamabad, Pakistan.

iRASD Journal of Economics, 2019, vol. 1, issue 2, 82-88

Abstract: This study endeavour’s to identify in detail the behaviourof investment and saving in Pakistan's economy. Both investment and saving have a dynamic role in economic growth and development. Gross domestic product, remittances, income, dependency rate, taxes, labor participation rate, national saving, and nationalinvestment are included as independent variables for this study; data were obtained from the Pakistan Bureau of Statistics and World Bank for the years (1980-2016). The results show that the relationship between Investment and Interest rate is negative, while the relationship between saving and interest rate is positive. There is a dire need to review the monetary policy issued by the State Bank of Pakistan.

Keywords: Investment; Saving; Gross Domestic Product; Interest Rate; Economy (search for similar items in EconPapers)
JEL-codes: E21 E22 E43 F41 F43 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ani:irdjoe:v:1:y:2019:i:2:p:82-88

DOI: 10.52131/joe.2019.0101.0007

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