AN EMPIRICAL ANALYSIS OF DETERMINANTS OF SAVING IN TURKEY
Saving plays important role in economic growth and development of a country. National savings consist of three components as corporate, household and goverment savings. This study analyzes the determinants of saving in Turkey over a period of 1975-2014 by examining the empirical relationship among t...
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| Formato: | article |
| Lenguaje: | DE EN FR TR |
| Publicado: |
Fırat University
2019
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| Acceso en línea: | https://doaj.org/article/93672a9071774dec97f48db482f37dd9 |
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| Sumario: | Saving plays important role in economic growth and development of a country. National savings consist of three components as corporate, household and goverment savings. This study analyzes the determinants of saving in Turkey over a period of 1975-2014 by examining the empirical relationship among the gross domestic saving, deposit interest rate, inflation, urban population growth and GDP per capita growth. Autoregressive Distributed Lag (ARDL) approach has been applied to test determinants of gross domestic saving. The long run estimated results reveals that deposit interets rate has positive and significant relationship with gross domestic saving in Turkey. Urban population growth and GDP per capita growth has positive and insignificant relationship with gross domestic saving. Inflation rate has negative and insignificant relationship with gross domestic saving. The short run results show that deposit interest rate, urban population growth and inflation has positive and significant relationship with gross domestic saving. GDP per capita growth has positive and insignificant relationship with gross domestic saving in Turkey. Estimated lagged error correction term (ECM-1) is negative and statistically significant. |
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