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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| Main Authors: | , |
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| Other Authors: | |
| Format: | Final Year Project |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/8329 |
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| Institution: | Nanyang Technological University |
| Summary: | 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 saving rate unmatched by that of any country in the world. |
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