National culture and saving: How collectivism, uncertainty avoidance, and future orientation play roles

Narapong Srivisal, Kanyarat Lek Sanoran and Kanix Bukkavesa

Global Finance Journal, 2021, vol. 50, issue C

Abstract: This research study seeks to understand the important contribution of culture to national saving rates. Specifically, we investigate the roles of three key dimensions of culture, namely collectivism, uncertainty avoidance, and future orientation. The data of 16 countries during the period of 2010–2018 employed herein show robustly and significantly positive impact of future orientation but negative impact of uncertainty avoidance on savings ratio. However, the results concerning how collectivism plays role are not robust. With the collectivism variable from the Global Leadership and Organizational Behavior Effectiveness (GLOBE) Survey, we document negative effect on savings ratio, which is contrast to the findings of positive effect when we employ alternative measures of collectivism from two other surveys.

Keywords: Culture; Saving; Collectivism; Uncertainty avoidance; Future orientation (search for similar items in EconPapers)
JEL-codes: E21 F39 G41 G51 Z19 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1044028321000685
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:glofin:v:50:y:2021:i:c:s1044028321000685

DOI: 10.1016/j.gfj.2021.100670

Access Statistics for this article

Global Finance Journal is currently edited by Manuchehr Shahrokhi

More articles in Global Finance Journal from Elsevier
Bibliographic data for series maintained by Catherine Liu ().