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عدم اليقين الاجتماعي والاقتصادي الكلي والادخار الخاصة: أ دراسة حالة اقتصاد نام

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dc.contributor.author Anjum Mubarak Siddiqui
dc.contributor.author Abdul Waheed
dc.date.accessioned 2018-08-08T08:00:02Z
dc.date.available 2018-08-08T08:00:02Z
dc.date.issued 2016-4
dc.identifier.issn 2146-4138
dc.identifier.uri http://repository.psau.edu.sa:80/jspui/handle/123456789/165
dc.description We examine the effects of various new variables relating to uncertainty and find that ?social uncertainty? in the form of increased crime is leading to portfolio substitution from bank accounts towards savings in durable goods and other real assets in a typical low middle income economy of Pakistan. Accounting for the cultural phenomena of savings in gold and non-bank real assets in South Asia, we have modeled macroeconomic uncertainty through both the levels and the volatilities of gold prices and the stock market index, as well as income volatility. We find that higher social and macroeconomic uncertainty leads to larger precautionary savings in non-bank assets and thereby results in lower residual savings in the National Income Accounts; this result is robust and invariant to various measures of uncertainty. We also find support for the Permanent Income Life Cycle hypothesis and ?weak form? evidence for Ricardian equivalence. Keywords: Private savings, Uncertainty, Consumer Durables
dc.description.abstract We examine the effects of various new variables relating to uncertainty and find that ?social uncertainty? in the form of increased crime is leading to portfolio substitution from bank accounts towards savings in durable goods and other real assets in a typical low middle income economy of Pakistan. Accounting for the cultural phenomena of savings in gold and non-bank real assets in South Asia, we have modeled macroeconomic uncertainty through both the levels and the volatilities of gold prices and the stock market index, as well as income volatility. We find that higher social and macroeconomic uncertainty leads to larger precautionary savings in non-bank assets and thereby results in lower residual savings in the National Income Accounts; this result is robust and invariant to various measures of uncertainty. We also find support for the Permanent Income Life Cycle hypothesis and ?weak form? evidence for Ricardian equivalence. Keywords: Private savings, Uncertainty, Consumer Durables
dc.description.sponsorship No
dc.language ar
dc.language.iso ar
dc.publisher International Journal of Economics and Financial Issues
dc.subject We examine the effects of various new variables relating to uncertainty and find that ?social uncertainty? in the form of increased crime is leading to portfolio substitution from bank accounts towards savings in durable goods and other real assets in a typical low middle income economy of Pakistan. Accounting for the cultural phenomena of savings in gold and non-bank real assets in South Asia, we have modeled macroeconomic uncertainty through both the levels and the volatilities of gold prices and the stock market index, as well as income volatility. We find that higher social and macroeconomic uncertainty leads to larger precautionary savings in non-bank assets and thereby results in lower residual savings in the National Income Accounts; this result is robust and invariant to various measures of uncertainty. We also find support for the Permanent Income Life Cycle hypothesis and ?weak form? evidence for Ricardian equivalence. Keywords: Private savings, Uncertainty, Consumer Durables
dc.subject عدم اليقين الاجتماعي والاقتصادي الكلي والادخار الخاصة: أ دراسة حالة اقتصاد نام
dc.title عدم اليقين الاجتماعي والاقتصادي الكلي والادخار الخاصة: أ دراسة حالة اقتصاد نام


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