Determinants of Private Saving in Ethiopia
| dc.contributor.advisor | Mekonnen, Alemu (PhD) | |
| dc.contributor.author | Wodamo, Ayele | |
| dc.date.accessioned | 2018-06-28T06:40:45Z | |
| dc.date.accessioned | 2023-11-19T08:32:14Z | |
| dc.date.available | 2018-06-28T06:40:45Z | |
| dc.date.available | 2023-11-19T08:32:14Z | |
| dc.date.issued | 2016-06 | |
| dc.description.abstract | Saving is an important instrument to enhance economic growth by providing sufficient funds for investors. However, empirical literature that relates to mobilizing savings in Ethiopia is in broad aggregate forms and almost no work is conducted on determinants of private savings in Ethiopia. For this reason this study empirically investigates the determinants of private saving in Ethiopia by using annual data over the period 1980-2015. Accordingly to identify the factors that affect private savings in Ethiopia the researcher employs ordinary least squaresand error correction models fitted for time series data. The variables examined are real gross domestic product, inflation, government fiscal balance, real deposit rates, current account deficit and financial development indicators. The results indicate that private saving in Ethiopia is a response for variables, real gross domestic product, government fiscal balances, real deposit rate and financial developments but it is not responsive to inflation and current account deficit in the long run. In addition to this granger causality tests indicate that economic growth causes privates savings in Ethiopia which is in line with Keynesian theory, that it is higher economic growth that leads to higher saving.Finally, the study recommends that policy makers or government work to improve income levels of society to address adverse effects on private saving. Likewise the study suggests that fiscal policy should be designed and implemented in a prudent way such that it cannot lead to crowding out private saving | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/12345678/4382 | |
| dc.language.iso | en | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | Economic Modeling and Forecasting | en_US |
| dc.title | Determinants of Private Saving in Ethiopia | en_US |
| dc.type | Thesis | en_US |