(Ir)rational Households’ Saving Behavior? An Empirical Investigation

Kapounek, Svatopluk; Koráb, Petr; Deltuvaitė, Vilma

doi:10.1016/s2212-5671(16)30309-4

Cited by 21 publications

(18 citation statements)

References 49 publications

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“…Recent focus of the studies has turned towards the evaluation of behaviroal finance. How human psychology and economic theories together influence the decision of individuals or households savings (Farrell, Fry, & Risse, 2016;Kapounek, Korab, & Deltuvaite, 2016). It was also revealed in the study that political stability had an impact on savings directly (Gyimah-Brempong & Traynor, 1996;Radu, 2015).…”

Section: Introductionmentioning

confidence: 68%

Political Stability and the Resolve to Save: The Case of Pakistan

Khan

Farooq

Saeed

et al. 2019

JBSEE

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Savings is potential solution to consume the scarce resources in an efficient way, which helps large scale production, improved productivity of the labor and result in increased economic development. The purpose of this study is to examine how macroeconomic indicators like GDP growth rate, income, inflation rate and interest rate affect gross national savings rate of Pakistan and how political stability influence the relationship between these four macroeconomic indicators and savings rate. Using 10 years macroeconomic data of Pakistan from year 2006-2015, multiple regression analysis technique was run and it was found that all four macroeconomic indicators significantly affects the savings rate. Income appeared to be strongest predictor in causing an increase in the savings rate. Although GDP found to be have an inverse relationship with savings rate. Political stability appeared to be non-significant in influencing the relationship between macroeconomic factors and savings rate.

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Section: Introductionmentioning

confidence: 68%

Political Stability and the Resolve to Save: The Case of Pakistan

Khan

Farooq

Saeed

et al. 2019

JBSEE

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“…For instance, Orji (2012) found a positive dependence of private savings on interest rates in Nigeria in 1970-2006. However, the study by Agrawal et al (2009) did not confirm the direct relationship between interest rates and savings in five Asian countries in 1960-2005, and the research by Kapounek et al (2016) did not reveal any connection between these parameters in the EU countries in 2004-2014. Our paper is based on a short-term sample, so we do not take into account the influence of factors that change over time.…”

Section: Literature Reviewmentioning

confidence: 81%

Determinants of Private Savings in the Form of Bank Deposits: A Case Study on Regions of the Russian Federation

Малкина

2019

Economies

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The paper is aimed at investigating the factors affecting the level of private deposits in banks in Russian regions and the verification of various theoretical concepts of personal savings. To achieve this purpose, we built a set of alternative Cobb–Douglas-type regressions with fixed time effects and logistic-type regressions based on panel data of 80 Russian regions from 2014–2016. Their estimations allowed us to reveal the dependence of private deposits in Russian regions at the level of real personal income and its structure, the personal income inequality, the demographic structure of the population, the state of the labor market, the level of accumulated wealth, the rate of urbanization, and the level of development of the financial system in the regions. Signs with variables summarize both direct and indirect effects of the input variables on the deposits, confirming some theoretical concepts and rejecting others, while the calculated elasticities show the strength of these effects. The results we obtained are applicable to the management of financial resources in Russian regions and the smoothing out of interregional differences in their development.

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“…Savings are influences by decisions made by governments and the corporate and household sector, and the social, economic and demographic characteristics of the household sector. Kapounek et al (2016) reviews the approach of the so-called lifecycle hypothesis (LCH), which was formulated according to Modigliani (1966) and Sturm (1983). Namely, the lives of individuals are divided into two stages, one active and one inactive.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Impact of Savings on Capitalization: Case of Southeast Asian Economies

Kutasi¹,

Lőrincz²,

Szabó³

2019

EJOBSAT

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The study analyses the economics intuition that the domestic savings may determine the investments in a country. The assumption is tested on domestic savings between 1980 and 2015 in Southeast Asia economies and Hungary in a panel regression framework. The hypothesis is that domestic savings stimulate economic growth through investment financing and, thus, the high savings rate observed in Southeast Asian countries can contribute to the outstanding GDP growth in the region. The tests sort out the significant determinants of investments. Granger causality test is implemented as a control test for significance of determinants. The analysis successfully indicates the significance of domestic savings beside other variables, and confirms the hypothesis, namely, the domestic savings affect investments and indirectly the economic growth, while FDI does not prove to be significant.

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(Ir)rational Households’ Saving Behavior? An Empirical Investigation

Cited by 21 publications

References 49 publications

Political Stability and the Resolve to Save: The Case of Pakistan

Political Stability and the Resolve to Save: The Case of Pakistan

Determinants of Private Savings in the Form of Bank Deposits: A Case Study on Regions of the Russian Federation

Impact of Savings on Capitalization: Case of Southeast Asian Economies

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