Determinants and Long-term Projections of Saving Rates in Developing Asia
Projecting future trends in domestic saving rates in developing Asia for 2011–2030, this paper finds that the aging of the population will be the main determinant based on the authors' estimation results.
In this paper, the authors analyze the determinants of the domestic saving rate in developing Asia during 1966–2007 and find that the main determinants appear to be the aged dependency ratio, income levels, and level of financial development. They project future trends in domestic saving rates in developing Asia for 2011–2030 based on their estimation results, and find that the aging of the population will be the main determinant of future trends in domestic saving rates in developing Asia. However, there will not necessarily be a sharp decline in saving rates in developing Asia as a whole, at least during the next 2 decades, inasmuch as there will be substantial variations across countries in the speed and timing of population aging.
- A Survey of Previous Empirical Studies on the Determinants of Saving
- Trends in Domestic Saving Rates in Developing Asia
- Estimation Results Concerning the Determinants of
- Domestic Saving Rates in Developing Asia
- Projections of Domestic Saving Rates for 2011-2030 in Developing Asia
- Summary and Conclusions
- Appendix Tables