Analyzing Nexus between financial reforms and savings in Pakistan: an econometric investigation

Awais, Muhammad and Kausar Kiani, Adiqa and Mohd Thas Thaker, Mohamed Asmy and Raza, Asif and Qaim, Sarah (2021) Analyzing Nexus between financial reforms and savings in Pakistan: an econometric investigation. International Journal of Innovation, Creativity and Change, 15 (8). pp. 351-365. ISSN 2201-1315 E-ISSN 2201-1323

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Abstract

Development economists and policy makers across the globe extensively discuss the factors affecting the growth performance of developing economies. The recent financial crisis and poor performance of financial sector instigated the economies to shift from suppressive regulations to deregulations of interest rate along with implementation of a few other open options. International funding agencies provided technical as well as financial assistance to carry on the agenda and achieve optimal policy mix. Keeping in view its importance, present study tests the empirical nexus between financial reforms and savings in Pakistan. Data set ranges from 1980 to 2015 and application of econometric method of Johansen co integration method found the short run and long run saving function. Major findings suggested that financial reforms gave a boost to saving rate and hence contributed towards overall performance enhancement in Pakistan. The results of other control variables show positive and robust relationship according to theoretical background.

Item Type:	Article (Journal)
Subjects:	H Social Sciences > H Social Sciences (General)
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User:	Dr Mohamed Asmy Bin Mohd Thas Thaker
Date Deposited:	09 Dec 2021 10:18
Last Modified:	09 Dec 2021 10:18
URI:	http://irep.iium.edu.my/id/eprint/94570

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