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- W192092241 abstract "This paper presents an empirical assessment of the determinants of private savings rate inMalaysia by focusing on the role of foreign savings and economic growth. The analysis, basedon 40 years of observations, reveals that in the long-run per-capita income, dependency ratio,foreign savings (FDI), interest rate and taxes all have a significant effect on private savingsrate. Causal inferences based on Toda and Yamamoto (1995) approach reveal that savingsGranger cause economic growth and not vice-versa. In addition, we endorse the long-runcausal relationship that runs from FDI to economic growth. We conclude that much of the recentslackness in short-run private savings is a consequence of the economic slow-down due tothe Asian financial crisis and that, as the economic performance in Malaysia improves, bothdomestic and foreign savings are expected to increase." @default.
- W192092241 created "2016-06-24" @default.
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- W192092241 date "2007-01-01" @default.
- W192092241 modified "2023-09-23" @default.
- W192092241 title "Private savings, growth, dependency ratio and foreign capital: some issues and lessons from Malaysia" @default.
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