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Determinants of domestic savings in Tanzania: Empirical evidence

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  • Maureen Were
  • Cornel Joseph

Abstract

This paper examines trends and determinants of gross domestic savings in Tanzania using data for the period 1990-2020. The autoregressive distributed lag approach is employed to empirically analyse the short-run and long-run relationships. There has been a fairly stable increase in the domestic savings as a ratio of gross domestic product, though with considerable fluctuations over time.

Suggested Citation

  • Maureen Were & Cornel Joseph, 2022. "Determinants of domestic savings in Tanzania: Empirical evidence," WIDER Working Paper Series wp-2022-166, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2022-166
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    References listed on IDEAS

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    5. Isha Agrawal & Zafar U. Ahmed & Mr. Michael Mered & Mr. Roger Nord, 1993. "Structural Adjustment, Economic Performance, and Aid Dependency in Tanzania," IMF Working Papers 1993/066, International Monetary Fund.
    6. Vivian Nagawa & Francis Wasswa & Edward Bbaale, 2020. "Determinants of gross domestic savings in Uganda: an autoregressive distributed lag (ARDL) approach to cointegration," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 9(1), pages 1-19, December.
    7. Mwega, Francis M, 1997. "Saving in Sub-Saharan Africa: A Comparative Analysis," Journal of African Economies, Centre for the Study of African Economies, vol. 6(3), pages 199-228, Supplemen.
    8. Agrawal, Nisha & Ahmed, Zafar & Mered, Michael & Nord, Roger & DEC, 1993. "Structural adjustment, economic performance, and aid dependency in Tanzania," Policy Research Working Paper Series 1204, The World Bank.
    9. Ken Chamuva Shawa, 2016. "Drivers Of Private Saving In Sub-Saharan African Countries," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 41(2), pages 77-110, June.
    10. Maureen Were & Lekinyi Mollel, 2020. "Public debt sustainability and debt dynamics: The case of Tanzania," WIDER Working Paper Series wp-2020-112, World Institute for Development Economic Research (UNU-WIDER).
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    Cited by:

    1. Abrams M.E. Tagem & Desiree Sama-Lang, 2024. "The determinants of domestic savings in Cameroon: what role for institutions?," WIDER Working Paper Series wp-2024-42, World Institute for Development Economic Research (UNU-WIDER).

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    Keywords

    Domestic savings; Saving; Tanzania; Saving and investment;
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