What Drives Private Savings in Malaysia?
Document Type
Article
Publication Date
1-1-2020
Abstract
This research attempts to reassess the long-run determinants of private savings in Malaysia using the cointegration and variance decomposition methods. This study covers annual data from 1980 to 2016. We find that private savings would increase together with the private disposable income, modified dependency ratio, and financial sector development. Results also reveal that the female–male sex ratio and macroeconomic uncertainty have a negative impact on private savings in Malaysia. Besides, the results show that disposable income, the sex ratio, financial sector development, and macroeconomic uncertainty are relatively more important than the other variables in determining Malaysia’s private savings. ©, Copyright © Taylor & Francis Group, LLC.
Keywords
cointegration, gender, macroeconomic uncertainty, Malaysia, private savings
Divisions
FacultyofEconomicsAdministration
Funders
Universiti Sains Malaysia Short-Term Research Grant [304.CDASAR.6315109]
Publication Title
Emerging Markets Finance and Trade
Volume
56
Issue
2
Publisher
Taylor & Francis