Saving in Southeast Asia and Latin America Compared: Searching for Policy Lessons
25 Pages Posted: 15 Feb 2006
Date Written: September 1997
Abstract
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.
Keywords: Saving, Southeast Asia, Latin America
JEL Classification: E21, C23
Suggested Citation: Suggested Citation
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