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Abstract

Savings rate in Pakistan is one of the lowest in the regional countries. As a result, investment to GDP ratio has been dismally low as well. Low investment results in low capital formation and hence lower long term growth and hence low levels of development. The long term growth literature from Harrod 1939-Domer 1946, Solow 1956 to Romer 1986 is almost unanimous on the role of savings in long term economic growth. There have been studies in past on the macroeconomic determinants of savings in Pakistan. But, few studies have explored micro foundations of savings behavior in Pakistan. This study uses primary data collected through survey questionnaire to study the micro foundations of savings behavior in urban areas of Pakistan. We use descriptive as well as inferential tools for our study. We use LPM, Logit and Probit models to explore the determinants of investment and precautionary motive for savings.



Item Type: MPRA Paper -

Original Title: Micro Foundations of Savings Behavior in Urban Pakistan-

Language: English-

Keywords: Savings, Intertemporal Consumption, Savings Motive, Investments, Rational Expectations, Asset Markets -

Subjects: G - Financial Economics > G1 - General Financial Markets > G11 - Portfolio Choice ; Investment DecisionsG - Financial Economics > G2 - Financial Institutions and Services > G22 - Insurance ; Insurance Companies ; Actuarial StudiesG - Financial Economics > G2 - Financial Institutions and Services > G23 - Non-bank Financial Institutions ; Financial Instruments ; Institutional Investors-





Autor: Shaikh, Salman

Fuente: https://mpra.ub.uni-muenchen.de/53805/







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