Saving in Southeast Asia and Latin America Compared: Searching for Policy Lessons

Christian Thimann and Anuradha Dayal-Gulati

No 1997/110, IMF Working Papers from International Monetary Fund

Abstract: 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 that fiscal policy, particularly social security arrangements, influence private saving; also macroeconomic stability and financial deepening appear to have been important in accounting for differences in saving behavior between the two regions.

Keywords: WP; saving; GDP; financial market; saving rate; Southeast Asia; Latin America; government saving; saving scheme; A. saving trend; saving behavior; saving motive; Private savings; Income; Estimation techniques; Financial sector development; Pension spending (search for similar items in EconPapers)
Pages: 25
Date: 1997-09-01
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Citations: View citations in EconPapers (71)

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