The determinants of household saving behaviour in Malta

William Gatt

No WP/03/2014, CBM Working Papers from Central Bank of Malta

Abstract: This study analyses the determinants of the aggregate household saving rate in Malta; an important macroeconomic variable which in standard short-term analysis is considered as a ‘residual’. The aggregate household saving rate, fluctuated significantly over the past thirteen years, rising from 6.4% in 2000 to 10.3% by 2002, falling significantly to 4.1% by 2006, doubling to 8.4% during 2007 and stabilising between 5% and 7% in the years 2008 to 2012. Such sharp swings warrant an investigation to uncover the underlying drivers, and this paper finds evidence that the estimate of the saving rate correlates with a set of macroeconomic variables The results of an estimated equation are in line with the theory and robust to different estimation techniques.

JEL-codes: E32 E62 H20 H50 (search for similar items in EconPapers)
Pages: 39 pgs
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (1)

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https://www.centralbankmalta.org/file.aspx?f=999 First version, 2014 (application/pdf)

Related works:
Working Paper: The determinants of household saving behaviour in Malta (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:mlt:wpaper:0314

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