Estimating the Savings Function in Developing Asian Economies: An Analytical Approach

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Discussion

Empirical analysis shows various factors impact the saving rate in developing economies, suggesting policies for improvement.

Main finding identifies income and demographic factors as key determinants of savings in developing economies.
Income, age dependency ratio, and financial development were significant factors affecting savings rates.
The analysis employed fixed-effects and FM-OLS techniques on data from 10 developing Asian countries between 1986 and 2020.
Results advocate for targeted policies to enhance the savings function, therefore improving economic growth and social welfare.

Muhammad Azam (2025) studied this question.

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