Determinants and Long-term Projections of Saving Rates in Developing Asia
Horioka, Charles Yuji; Terada-Hagiwara, Akiko | October 2010
Abstract
"In this paper, we 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. We project future trends in domestic saving rates in developing Asia for 2011–2030 based on our 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, we find that 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. "
Citation
Horioka, Charles Yuji; Terada-Hagiwara, Akiko. 2010. Determinants and Long-term Projections of Saving Rates in Developing Asia. © Asian Development Bank. http://hdl.handle.net/11540/1567.ISSN
1655-5252
Keywords
Vocational Education
Technical Education
Investment In Education
Asian Development Bank
Economic development
Skills Development
Development
Economic development
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Citable URI
http://hdl.handle.net/11540/1567Metadata
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