Theoretical and Applied Economics
No. 7 / 2014 (596)
Financial development and domestic savings in emerging Asian countries
Karabuk University, Turkey
Abstract. Saving is one of the important determinants of economic growth. Therefore determinants of saving are indirectly important for a sustainable economic growth. Financial sector has come into prominence as a possible determinant of saving in the globalized financial markets. This study examines the relationship between gross domestic savings and financial development in the emerging Asian countries during the period 1992-2011 by using panel regression. We found that financial development, economic growth and real interest rate had positive impact on gross domestic saving, while aged dependency ratio had negative impact on gross domestic saving.
Contents
Through creativity and innovation to economic development: is it possible in Romania?
The analysis of the influence factors affecting the performance of pharmaceutical companies
Sensory marketing strategies. Case study: Oltenia
Financial development and domestic savings in emerging Asian countries
Between objective and subjective in the sustainable development and the identification of crisis mitigation solutions
Appreciate the impact of relevant costing for decision making in Ready-Made Garments (RMG) industry of Bangladesh
The economic crisis and the great problems of mankind
New theoretical foundations for economic policy
Mutual influence of economic growth and economic development and its impact on social transformations