The factor influencing saving rate / Hafizah Harris

There are many factors that influence the saving rate. The main purpose of this paper is to determine the economic variables that influence toward saving rate. In this study, the researcher discover many factors affect the rate of savings which varies among studies. The objectives of this study are to determine the economic variables that can significantly affect the rate of savings. Furthermore, the researcher using panel data method where the data collected are consist of 10 countries which is Malaysia, China, Brunei, Singapore, Philippines, Japan, South Korea, Vietnam, Australia and Thailand where the period is from 2009 until 2018. At the end of this paper, researcher found out which variables that have statistical significance on household saving rate that is real interest rate, and budget balance which indicates the objectives. Recommendation to banking institution, future investors, Small and Medium Enterprise (SME), insurance company and government also provided which indicate the end of this study.