Factors influencing savings as a driver of economic growth in emerging economies (BRICS).
| dc.contributor.author | Nju, Rannibele Nkamanyi | |
| dc.date.accessioned | 2014-07-25T10:03:26Z | |
| dc.date.available | 2014-07-25T10:03:26Z | |
| dc.date.issued | 2014-07-25 | |
| dc.description | MBA 2013 | en_ZA |
| dc.description.abstract | ABSTRACT This paper empirically examines the factors influencing savings as a driver of economic growth in emerging economies (BRICS) during the period 1997-2011. To perform this analysis, the study employed the real gross domestic product, financial development, terms of trade, real interest rate, dependency ratio, and inflation rate and government expenditure as determinants of savings. The study applied both time series analysis and balanced panel model data. For the times series, it used the Ordinary Least Square (OLS) while it used Least Square Dummy Variable (LSDV) and Random Effect Model (REM) econometric methodologies for the panel analysis. Country specific analysis for each of the BRICS countries indicate that more liberal policies and trade facilities present opportunities for increasing savings in Russia, large market growth attracts savings in all the countries except Brazil, increase inflation rate have unfavourable effects on savings in India and South Africa, higher real interest rates attracts savings in Brazil and China and a high level of dependency ratio decreases savings in China. This finding suggests that though these five most emerging nations in the world appear to be similar, referred to as a bloc using the acronym BRICS, their differences in institutional and governmental framework and policies influence the economy in diverse ways resulting in dissimilar drivers of economic conditions. However, further deepening through financial sector liberalization and trade liberalization in these countries will be an important instrument in stimulating investment through more savings and therefore more long-run economic growth. | en_ZA |
| dc.identifier.uri | http://hdl.handle.net/10539/15015 | |
| dc.language.iso | en | en_ZA |
| dc.subject | Saving and investment -- Developing countries,Investments -- Government policy,Developing countries -- Economic conditions. | en_ZA |
| dc.title | Factors influencing savings as a driver of economic growth in emerging economies (BRICS). | en_ZA |
| dc.type | Thesis | en_ZA |