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
Authors
[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.
Abstract
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.
Keywords
Private Savings, Inflation Rate, Interest Rate, Financial Liberalisation
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