What happened to savings during the financial crisis: a dynamic panel analysis of Asian-5 countries.
This article examines the determinants of saving rates in five Asian (Asian-5; Malaysia, Singapore, Thailand South Korea and the Philippines) countries over the 1970-2000 period. The focus is on the relationship between savings rates and foreign capital inflows before and in the financial crises. Ma...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English English |
| Published: |
Springer
2007
|
| Subjects: | |
| Online Access: | http://psasir.upm.edu.my/id/eprint/18360/1/What%20happened%20to%20savings%20during%20the%20financial%20crisis.pdf |
| _version_ | 1796969438991351808 |
|---|---|
| author | Thanoon, Marwan Abdul-Malik Baharumshah, Ahmad Zubaidi |
| author_facet | Thanoon, Marwan Abdul-Malik Baharumshah, Ahmad Zubaidi |
| author_sort | Thanoon, Marwan Abdul-Malik |
| collection | UPM |
| description | This article examines the determinants of saving rates in five Asian (Asian-5; Malaysia, Singapore, Thailand South Korea and the Philippines) countries over the 1970-2000 period. The focus is on the relationship between savings rates and foreign capital inflows before and in the financial crises. Major findings from the dynamic panel regressions are: (i) foreign savings depresses domestic savings ratio in the short as well as in the long run and the offset appears to be larger in the crisis period; (ii) real interest has a small negative effect on savings in the short and long run; (iii) the demographic factor explains a large portion of the long run trends but not the short-term fluctuations in savings rates; and (iv) high savings ratios in the countries studied is linked to the export sector. © Springer Science+Business Media, LLC 2006. |
| first_indexed | 2024-03-06T07:43:00Z |
| format | Article |
| id | upm.eprints-18360 |
| institution | Universiti Putra Malaysia |
| language | English English |
| last_indexed | 2024-03-06T07:43:00Z |
| publishDate | 2007 |
| publisher | Springer |
| record_format | dspace |
| spelling | upm.eprints-183602016-01-21T01:37:37Z http://psasir.upm.edu.my/id/eprint/18360/ What happened to savings during the financial crisis: a dynamic panel analysis of Asian-5 countries. Thanoon, Marwan Abdul-Malik Baharumshah, Ahmad Zubaidi This article examines the determinants of saving rates in five Asian (Asian-5; Malaysia, Singapore, Thailand South Korea and the Philippines) countries over the 1970-2000 period. The focus is on the relationship between savings rates and foreign capital inflows before and in the financial crises. Major findings from the dynamic panel regressions are: (i) foreign savings depresses domestic savings ratio in the short as well as in the long run and the offset appears to be larger in the crisis period; (ii) real interest has a small negative effect on savings in the short and long run; (iii) the demographic factor explains a large portion of the long run trends but not the short-term fluctuations in savings rates; and (iv) high savings ratios in the countries studied is linked to the export sector. © Springer Science+Business Media, LLC 2006. Springer 2007-12 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/18360/1/What%20happened%20to%20savings%20during%20the%20financial%20crisis.pdf Thanoon, Marwan Abdul-Malik and Baharumshah, Ahmad Zubaidi (2007) What happened to savings during the financial crisis: a dynamic panel analysis of Asian-5 countries. Economic Change and Restructuring, 38 (3-4). pp. 257-275. ISSN 1573-9414 Economic development - Asia Saving and investment - Asia International finance 10.1007/s10644-006-9006-9 English |
| spellingShingle | Economic development - Asia Saving and investment - Asia International finance Thanoon, Marwan Abdul-Malik Baharumshah, Ahmad Zubaidi What happened to savings during the financial crisis: a dynamic panel analysis of Asian-5 countries. |
| title | What happened to savings during the financial crisis: a dynamic panel analysis of Asian-5 countries. |
| title_full | What happened to savings during the financial crisis: a dynamic panel analysis of Asian-5 countries. |
| title_fullStr | What happened to savings during the financial crisis: a dynamic panel analysis of Asian-5 countries. |
| title_full_unstemmed | What happened to savings during the financial crisis: a dynamic panel analysis of Asian-5 countries. |
| title_short | What happened to savings during the financial crisis: a dynamic panel analysis of Asian-5 countries. |
| title_sort | what happened to savings during the financial crisis a dynamic panel analysis of asian 5 countries |
| topic | Economic development - Asia Saving and investment - Asia International finance |
| url | http://psasir.upm.edu.my/id/eprint/18360/1/What%20happened%20to%20savings%20during%20the%20financial%20crisis.pdf |
| work_keys_str_mv | AT thanoonmarwanabdulmalik whathappenedtosavingsduringthefinancialcrisisadynamicpanelanalysisofasian5countries AT baharumshahahmadzubaidi whathappenedtosavingsduringthefinancialcrisisadynamicpanelanalysisofasian5countries |