We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
SAVINGS MOBILIZATION, FINANCIAL DEVELOPMENT AND LIBERALIZATION: THE CASE OF MALAYSIA.
- Authors
ANG, JAMES B.
- Abstract
This paper attempts to identify the key factors behind Malaysia's remarkable savings performance. Drawing on the life cycle theory, the saving function is estimated by incorporating other relevant structural features and institutional settings of the Malaysian economy into the specification. Particular emphasis has been placed on the roles of financial factors in mobilizing funds in the private sector. The results suggest that financial deepening and increased banking density tend to encourage private savings. Development of insurance markets and liberalization of the financial system, however, tend to exert a dampening effect on private savings.
- Subjects
MALAYSIA; FINANCIAL liberalization; PRIVATE sector; SAVINGS bank life insurance; SAVINGS banks; EFFECT of inflation on saving &; investment; ECONOMIC conditions in Malaysia
- Publication
Review of Income & Wealth, 2011, Vol 57, Issue 3, p449
- ISSN
0034-6586
- Publication type
Article
- DOI
10.1111/j.1475-4991.2010.00411.x