Empirical analysis on household savings in Malaysia / Nur Liyana Mohamed Yousop …[et al.]

Mohamed Yousop, Nur Liyana and Wan Zakaria, Wan Mohd Farid and Ahmad, Zuraidah and Abdul Manan, Ahmad A'thif (2020) Empirical analysis on household savings in Malaysia / Nur Liyana Mohamed Yousop …[et al.]. Journal of International Business, Economics and Entrepreneurship, 5 (1). pp. 13-22. ISSN 550-1429

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Abstract

The Malaysian household saving growth has shown weakened patterns from year to year. Low-income level, overspending and black swan economic events result in nosedived household savings. To explain this issue, this study empirically examined factors affecting household savings in Malaysia. The analysis was based on time-series data gathered from World Bank Data, CEIC Data and Department of Statistic of Malaysia from 1970 until 2018. The ordinary least square (OLS) regression analysis was used to examine the significant relationship among dependent variable (household savings, proxy gross domestic savings) and independent variables which consist of interest rate, inflation rate, age dependency ratio, consumption expenditure and income. The findings from this study reveal that the interest rate and household consumption expenditure have significant negative relationships with the household savings, while age dependency ratio, inflation rate and income have insignificant relationships with the household savings.

Metadata

Item Type: Article
Creators:
Creators
Email
Mohamed Yousop, Nur Liyana
nurliyanatgiuitm.edu.my
Wan Zakaria, Wan Mohd Farid
UNSPECIFIED
Ahmad, Zuraidah
UNSPECIFIED
Abdul Manan, Ahmad A'thif
UNSPECIFIED
Subjects: H Social Sciences > HB Economic Theory. Demography > Demographic surveys
Divisions: Universiti Teknologi MARA, Johor > Segamat Campus > Faculty of Business and Management
Journal or Publication Title: Journal of International Business, Economics and Entrepreneurship
UiTM Journal Collections: UiTM Journal > Journal of International Business, Economics and Entrepreneurship (JIBE)
ISSN: 550-1429
Volume: 5
Number: 1
Page Range: pp. 13-22
Official URL: https://jibe.uitm.edu.my/index.php/en/june-2020
Item ID: 34880
Uncontrolled Keywords: Household Savings, Macroeconomic Variables, Ordinary Least Square
URI: https://ir.uitm.edu.my/id/eprint/34880

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34880

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