Determinants of Domestic savings in Malaysia, Philippines and Singapore (ASEAN 3), 1980-2012
Date
4-2014
Degree
Bachelor of Science in Economics
College
College of Economics and Management (CEM)
Adviser/Committee Chair
Rowena A. Dorado
Abstract
Domestic savings is a tool for countries to attain a more sustainable economic growth through accumulating domestic investment which reduces country?s reliance on foreign finance or capital that makes them vulnerable to crisis. The main objective of this study is to investigate the determinants of the domestic savings in Malaysia, Philippines and Singapore (the ASEAN 3) by considering some macroeconomic factors such as Gross Domestic Product (GDP) growth rate and demographics. Results of the study show that income growth is positively related to domestic savings which indicates that virtuous cycle works for the ASEAN 3. Precautionary motive for savings is also found to be evident. This suggests that more uncertain the economy is, these countries tend to save more. Moreover, the presence of the dependents also reduces the domestic savings which is explained by the traditional family structure that still holds in these countries. Interestingly, interest rate is found to be insignificant. Causality of growth and savings may provide new direction for the next researches and studies.
Language
English
Location
UPLB Main Library Special Collections Section (USCS)
Call Number
LG 993.5 2014 E2 /A23
Recommended Citation
Abaya, Floravick Ana B., "Determinants of Domestic savings in Malaysia, Philippines and Singapore (ASEAN 3), 1980-2012" (2014). Undergraduate Theses. 2687.
https://www.ukdr.uplb.edu.ph/etd-undergrad/2687
Document Type
Thesis