Why is Singapore's saving rate so high?

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

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...