![The Determinants of Private Saving in India [An article from: World Development]](https://www.ebooknetworking.net/books/noimage.jpg)
The Determinants of Private Saving in India [An article from: World Development]
Book Details
Author(s)P.c. Athukorala, K. Sen
PublisherElsevier
ISBN / ASINB000RR196U
ISBN-13978B000RR1962
AvailabilityAvailable for download now
MarketplaceUnited States 🇺🇸
Description
This digital document is a journal article from World Development, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
This paper examines the determinants of private saving in the process of economic development, in the light of the Indian experience. It is found that the saving rate rises with both the level and the rate of growth of disposable income. The real interest rate on bank deposits has a significant positive impact, but the magnitude of the impact is modest. Public saving seems to crowd out private saving, but less than proportionately. Furthermore, the spread of banking facilities in the economy and the inflation rate have a positive impact and changes in the external terms of trade a negative impact on private saving.
Description:
This paper examines the determinants of private saving in the process of economic development, in the light of the Indian experience. It is found that the saving rate rises with both the level and the rate of growth of disposable income. The real interest rate on bank deposits has a significant positive impact, but the magnitude of the impact is modest. Public saving seems to crowd out private saving, but less than proportionately. Furthermore, the spread of banking facilities in the economy and the inflation rate have a positive impact and changes in the external terms of trade a negative impact on private saving.
