Why is Singapore's saving rate so high?

The Gross National Savings rate in Singapore has risen from 23% in 1972 to 52% in 2000. Using a three-period life-cycle hypothesis to build our savings function, we identified dependency ratio, property price, gross domestic growth and demand for cars as the determinants behind this remarkable savi...

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Bibliographic Details
Main Authors: Lim, Han Kwang., Tow, Chee Yunn.
Other Authors: Tan, Kim Heng
Format: Final Year Project
Published: 2008
Subjects:
Online Access:http://hdl.handle.net/10356/8329
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Institution: Nanyang Technological University