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19847

Determinants of National Saving In Saudi Arabia

Article

Last updated: 03 Jan 2025

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Tags

إدارة الأعمال
الاقتصاد

Abstract

This paper has analyzed the determinants of national savings in Saudi Arabia during the period 1980-2010. The ADF test is used to investigate the stationary of all time series, and after that, we estimated unrestricted VAR model. The results of the estimated VAR model provide evidence that the growth rate of per capita income, population growth, and financial depths have positive influence on national savings in Saudi Arabia during the period study. On the other hand, macroeconomic uncertainty, as measured by the inflation indicates a negative but insignificant effect on national saving rate. Foreign reserves ratio appears to have a negative effect on national savings, which implies that foreign saving may tend to act as a substitute to national savings. Moreover,the results of our study confirm that budget deficit ratio has a negative and statistically significant effect on the national saving ratio, which does not support the Ricardian hypothesis due to the limited use of taxes as a tool of fiscal policy in Saudi Arabia. This result suggests that government should use fiscal policyto reduce budget deficit, and restructure government expenditure in the way that can boost private savings and thus offset the negative effect on national savings.

DOI

10.21608/aja.2013.19847

Keywords

Determinants of National Saving In Saudi Arabia

Authors

First Name

Mahmoud

Last Name

Touny

MiddleName

-

Affiliation

Faculty of Commerce & Business Administration -Helwan University, Associate Professor - Faculty of Applied Studies and Community Services, Dammam University

Email

-

City

المملکة العربیة السعودیة

Orcid

-

First Name

Jameel

Last Name

Khder

MiddleName

Ahmed

Affiliation

Department of Administrative Sciences Marketing Program Riyadh Community College King Saud University, KSA

Email

-

City

المملکة العربیة السعودیة

Orcid

-

Volume

33

Article Issue

1

Related Issue

4008

Issue Date

2013-06-01

Receive Date

2012-10-25

Publish Date

2013-06-01

Page Start

263

Page End

280

Print ISSN

1110-5453

Online ISSN

2663-4473

Article File

AJA_Volume 33_Issue 1_Pages 263-280.pdf

PDF . 978.1kB

Link

https://aja.journals.ekb.eg/article_19847.html

Detail API

https://aja.journals.ekb.eg/service?article_code=19847

Order

13

Type

بحوث باللغة الإنجلیزیة

Type Code

707

Publication Type

Journal

Publication Title

المجلة العربية للإدارة

Publication Link

https://aja.journals.ekb.eg/

MainTitle

Determinants of National Saving In Saudi Arabia

Details

Type

Article

Created At

22 Jan 2023