Saving in Southeast Asia and Latin America Compared

Searching for Policy Lessons

• Author(s): Mrs.Anuradha Dayal-Gulati, Mr.Christian Thimann,
• Publisher: International Monetary Fund
• Pages: 25
• ISBN_10: 1451853300
  ISBN_13: 9781451853308
  
• Language: en
• Categories: Business & Economics / Economics / Macroeconomics , Business & Economics / Econometrics , Business & Economics / Finance / General ,

Description:... 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.