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Household Saving in Pakistan: Some Findings from Time-Series Data

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  • ZIA M. QURESHI

    (International Monetary' Fund.)

Abstract

The paper tests some household savings hypotheses with time-series data for Pakistan over the 1950-51-1976-77 period. The permanent income model is found to give a much better explanation of the year-to-year variations in household saving than does the simple current income model. Among other findings is a highly significant correlation between changes in the real rate of return on financial assets and household saving.

Suggested Citation

  • Zia M. Qureshi, 1981. "Household Saving in Pakistan: Some Findings from Time-Series Data," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 20(4), pages 375-397.
    • Handle: RePEc:pid:journl:v:20:y:1981:i:4:p:375-397
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    File URL: http://www.pide.org.pk/pdf/PDR/1981/Volume4/375-397.pdf
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    References listed on IDEAS

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    1. repec:bla:ecorec:v:46:y:1970:i:114:p:243-49 is not listed on IDEAS
    2. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1.
    3. Fry, Maxwell J, 1978. "Money and Capital or Financial Deepening in Economic Development?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 10(4), pages 464-475, November.
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    6. Mikesell, Raymond F & Zinser, James E, 1973. "The Nature of the Savings Function in Developing Countries: A Survey of the Theoretical and Empirical Literature," Journal of Economic Literature, American Economic Association, vol. 11(1), pages 1-26, March.
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    8. P. J. Lawler, 1949. "The Consumption Function," The Economic Record, The Economic Society of Australia, vol. 25, pages 93-122, August.
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    10. K. L. Gupta, 1970. "Personal Saving in Developing Nations: Further Evidence," The Economic Record, The Economic Society of Australia, vol. 46(2), pages 243-249, June.
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    12. SHIGEYUKI ABE & MAXWELL J. FRY & BYOUNG K. MIN & PAlROJ VONGVIPANOND & TEH-PEI Yu, 1975. "The Demand for Money in Pakistan.Some Alternative Estimates," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 14(2), pages 249-257.
    13. Weber, Warren E, 1970. "The Effect of Interest Rates on Aggregate Consumption," American Economic Review, American Economic Association, vol. 60(4), pages 591-600, September.
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    Cited by:

    1. Ismail, Aisha & Rashid, Kashif, 2013. "Determinants of household saving: Cointegrated evidence from Pakistan (1975–2011)," Economic Modelling, Elsevier, vol. 32(C), pages 524-531.
    2. Sarfraz Khan Qureshi & Musleh Ud Din & Ejaz Ghani & Kalbe Abbas, 1999. "Domestic Resource Mobilisation for Development: An Analysis for the Past Trends and Future Options," PIDE Research Report 1999:167, Pakistan Institute of Development Economics.
    3. Zafar Iqbal, 1993. "Institutional Variations in Saving Behaviour in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 32(4), pages 1293-1311.
    4. Mehboob Ahmad & Tasneem Asghar, 2004. "Estimation of Saving Behaviour in Pakistan Using Micro Data," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 9(2), pages 73-92, Jul-Dec.

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