Savings Mobilization, Financial Development and Liberalization: The Case of Malaysia

James Ang

MPRA Paper from University Library of Munich, Germany

Abstract: This paper attempts to identify the key factors behind Malaysia’s remarkable savings performance. Drawing on the life cycle theory, the saving function is estimated by incorporating other relevant structural features and institutional settings of the Malaysian economy into the specification. Particular emphasis has been placed on the roles of financial factors in mobilizing funds in the private sector. The results suggest that financial deepening and increased banking density tend to encourage private savings. Development of insurance markets and liberalization of the financial system, however, tend to exert a dampening effect on private savings.

Keywords: private savings; financial development; Malaysia; ARDL bounds test (search for similar items in EconPapers)
JEL-codes: E21 O16 O53 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-dev and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/21718/1/MPRA_paper_21718.pdf original version (application/pdf)

Related works:
Journal Article: SAVINGS MOBILIZATION, FINANCIAL DEVELOPMENT AND LIBERALIZATION: THE CASE OF MALAYSIA (2011)
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:pra:mprapa:21718

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().