International Journal of Economics and Business Administration
Articles Information
International Journal of Economics and Business Administration, Vol.1, No.1, Jul. 2015, Pub. Date: Jun. 17, 2015
Estimating Private Savings Behaviour in China
Pages: 1-5 Views: 1198 Downloads: 447
[01] Atqa Abdur Razzaq, Hailey College of Commerce, University of the Punjab, Lahore, Pakistan.
[02] Farid Ahmad, Hailey College of Commerce, University of the Punjab, Lahore, Pakistan.
Purpose: This study is intended to approximate the private savings rates in China which is based on the period of 1991-2011. Methodology: The regression equation model is established considering the economic and demographic factors. Time series data is taken and the OLS technique is applied to the model for the purpose of becoming aware about the relationships between dependent and independent variables. Findings: Inflation Rate, Real Interest Rate and Old Age Dependency Ratio have significantly negative impact on Private Savings Behaviour. Liquidity Constraint is positively associated with Private Savings but insignificant. Research Limitations/Implications: The main limitation of the study is data enlargement which cannot be continuously found from 2012 and onwards. Originality/Value: This study was conducted to estimate the impact of different macroeconomic factors like interest rate, inflation rate and liquidity constraint on private savings behaviour of China.
Private Savings, Inflation Rate, Interest Rate, Financial Liberalisation
[01] Retrieved from
[02] Retrieved from
[03] Retrieved from
[04] Retrieved from
[05] Retrieved from
[06] Retrieved from
[07] Retrieved from
[08] Agrawal, P, Sahoo, P, & Dash, R.K.(2009). Savings behaviour in south asia. Journal of Policy Modeling. 31, 208- 224.
[09] Athukorala, P.-C., & Sen, K. (2004). The determinants of private saving in India. World Development, 32(3), 491–503. doi: 10.1016/j.worlddev.2003.07.008.
[10] Bailliu, J. N., & Reisen, H. (1998). Do funded pensions contribute to higher aggregate savings? A cross-country analysis. Springer, 134(4), 692-711.
[11] Baliamoune, M. N., & Chowdhury, A. R. (2003). The long-run behavior and short-run dynamics of private savings in Morocco. Savings and Development, 27(2), 135-160.
[12] Bandiera, O., Caprio, G., Honohan, P., & Schiantarelli, F. (2000). Does financial reform raise or reduce saving? The Review of Economics and Statistics, 82(2), 239-263.
[13] Cárdenas, M., & Escobar, A. (1997). Determinants of savings in Colombia 1925-1994. Banco Interamericano de Desarrollo.
[14] Cermeño, R., Roth, B. D., & Villagómez, F. A. (2008). Fiscal policy and national saving in Mexico, 1980-2006. Estudios Económicos, 23(2), 281-312.
[15] Edwards, S. (1996). Why are Latin America' s savings rates so low? An international comparative analysis. Journal of Development Economics, 51, 5-44.
[16] Feng, J., He, L., & Sato, H. (2011). Public pension and household saving: Evidence from urban China. Journal of Comparative Economics, 39, 470–485.doi: 10.1016/j.jce.2011.01.002.
[17] Hondroyiannis, G. (2004). Estimating private savings behaviour in Greece. Journal of Economic Studies, 31(5), 457-476. doi: 10.1108/01443580410555555.
[18] Japelli, T., & Pagano, M. (1994). Saving, growth, and liquidity constraints. The Quarterly Journal of Economics. 109(1), 83-109.
[19] Jogwanich, J. (2010). The determinants of household and private savings in Thailand. Applied Economics. 42(8), 965-976.
[20] Kraay, A. (2000). Household saving in China. The World Bank Economic Review, 14(3), 545-570. Retrieved from
[21] Lahiri, A. K. (1989). Dynamics of asian savings: The role of growth and age structure. Palgrave Macmillan Journals, 36(1), 228-261.
[22] Leff, N. H. (1969). Dependency rates and savings rates. American Economic Association, 59(5), 886-896.Retrieved from
[23] LI, C. (2010). Savings, investment, and capital mobility within China. China Economic Review, 21, 14-23. doi: 10.1016/j.chieco.2009.08.005.
[24] Loayza, N., Schmidt-Hebbel, K., & Servén, L. (2000). What drives private saving across the world? The Review of Economics and Statistics, 82(2), 165-181.
[25] Masson, P. R., Bayoumi, T., & Samiei, H. (1998). International evidence on the determinants of private saving. The World Bank Economic Review, 12(3), 483-501.
[26] Molho, L.E. (1986). Interest rates, savings and development in develioping countries: A re-examination of the Mckinnon-Shaw hypotheses. Staff Papers-International Monetary Fund. 33(1), 90-116.
[27] Odhiambo, N.M (2009). Savings and Economic Growth in South Africa. Journal of Policy Modeling. 31, 708-718.
[28] Ozcan, K. M., Gunay, A., & Ertac, S. (2003). Determinants of private savings behaviour in Turkey. Applied Economics, 35, 1405–1416. doi: 10.1080/0003684032000100373.
[29] Suto, I., & James, J.A. (1999). Savings and early economic growth in United states and Japan. Japan and t he World Economy. 11, 161-183.
MA 02210, USA
AIS is an academia-oriented and non-commercial institute aiming at providing users with a way to quickly and easily get the academic and scientific information.
Copyright © 2014 - 2017 American Institute of Science except certain content provided by third parties.