Author Year

Raut and Virmani 1989

Hebbel 1992
Doshi 1994
Edwards 1996
Taskin 1996
Callen and Thimann 1997
Masson 1998
Loayazaet.al 2000
Stewart 2001
Rashid et.al 2002
Tsai 2004
Hondroyiannis 2006
Ang 2009
Salotti 2010
Arioglu 2011
Horioka 2012
Ileana 2012
Mody 2012
Sahoo & Dash 2013
Shahbaz et. Al 2013
Patra 2014
Koo & Song 2016
Wang et.al 2017
Chen 2017
Tekin 2018
Aizenmann 2019
Levanko 2020
Vanlaer 2020
Cheng 2021
Fredriksson 2022
Jain 2022
 Topic Name
Determinants of consumption and saving behavior in developing countries
Household saving behavior in developing countries
Determinants of saving rate: An international Comparison
Why are latin america's saving rate so low?
Differences In household saving behavior
Empiricial determinants of household saving:Evidence from OECD countries
International evidence on determinants of private saving
What drives private saving across the world
Saving behavior in OECD countries
Saving dynamics in Asian countries
Determinants of Household saving in Taiwan
Private saving determinants in EU countries
Household saving behavior in an extended life cycle model: A comparative study of India and China
Global imbalances and household savings: The role of wealth
Test of the Absolute income hypothesis In USA & Europe
The determinants and long-term projections of saving rates in Developing Asia
Determinants of Household saving in EU: What policies for Increasing savings
Precautionary savings in the Great recession
Financial sector development and Domestic savings in South Asia
On the validity of the Keynesian AIH in Pakistan
Determinants of Household saving in India
The relationship between income inequality and aggregate saving
Financial development and the aggregate saving rates
Globalisation and household saving
sensitivity of consumption to current income in developing countries
The interest rate effect on Private saving
Perceived uncertainty as a key driver of household saving
Consumer confidence and household saving behaviors
How does housinh wealth affect household consumption?
Determinnats of household savings: A cross country analysis
Demographic change and household savings in India
 Objectives
To test the Hall's Random walk hypothesis for developing countries
To find out the determinants of Household saving behaviour
Added a life expectancy variable to the existing saving literature
To find out the factors affecting saving rates and distinction is made between Private and Govt savings
To examine the differences in household saving behavior in industrial and developing countries
To analyse the determinants of household saving with speical focus on public policy
To find out the possible determinants of private saving behavior
To analyse the saving disparities across countries using policy and non-policy factors
To examine the long run determinants of aggregate private saving rates in OECD countries
To investigate the factors that have influenced the saving behavior in the fast growing asian economies
Examine the determinants of household saving in Taiwan
To investigate the determinnats of aggregate private saving rate in EU countries
To examine the determinnats of household saving in china and India with special emphasis on expected benefits of pension sa
To examine the determinnats of household savings
To investigate the relationship between consumption and income from the perspective of AIH
To analyze the determinants of domestic saving rates in developing Asia
To identify main determinants of household saving
To Test the PSH in the time of great depression
To analyze the impact of Financial development on the saving ratios of South east asian economies
To test the validity of AIH in Pakistan
To examine the determinants of household savings in india
To investigate whether income inequality is related to aggregate saving ratio
To find the empirical relationship between FD and aggregate saving rate
To analyze the impact of globalisation on household saving across different countries
To test the AIH
To test how the interest rate affects the private saving masked by varying economic conditions
To study the determinants of household saving with special focus on labour income uncertainty
To examine the impact of consumer confidence on household saving behaviors
To find out the relationship between household consumption and wealth especially in the form of houses
To examine the determinnats of household savings
To examine the Impact of demographic change on private savings in india
 Data
Data collected for 23 developing countries for the period 1970-82
Panel data collected from 10 economies for period 1970-85
cross country data collected from 129 countries for the period 1980-88
Panel data is taken from 36 countries for the period 1970-92
Data collected for 30 countries for the period 1975-89
Data collected for 21 OECD countries for the period 1975-95
Data collected for 21 industrial and 40 developed countries over the period 1971-93
Data collected for 150 countries from WB data base for the period 1965-94
Data collecetd for 20 OECD countries for the period 1955-94
Data collected for 5 Asian economies for the period 1960-97
Data collected for the period of 1952-99
Panel data collected for 13 EU countries for the period 1961-98
Time series data collected from India and China
Panel data collected from 18 developing countries for the period 1980-2005
Time series data collected 8 countries for the period 1975-2009
Data collected for 12 economies for the period 1966-2007
Data collected for 15 countries of western, central and eastern europe for 1995-2010
Data has been collected from 27 advanced economies
Data has been collected from 5 soth east asian economies for the period 1975-2010
Data collected for the period 1972-2011
Data collected from 1973-2012
Panel data collected from 48 countries for the period 1991-2010
Data collected from 12 asian economies and 31 OECD economies for the period 1960-2008
Data collected from 45 economies for the period 1975-2011
Data collected from 73 countyries for the period 2000-2011
Data collected from 135 countries for the period 1995-2014
Data collected from 22 european countries for the period 1996-2017
Panel data collected from 18 EU countries for the period 2001-2014
Data collected from 16 countries for 44 years
Data collected from 14 OECD countries for the period 2000-2018
State level panel data is used for the period 2001-18
 Methodology

Country specific fixed effect model is used

Country specific fixed effect model is used

Country specific fixed effect model is used
Country specific fixed effect model is used
Country specific fixed effect model is used
GMM estimator is used
Panel co-integration techniques are used
Unit root tests and cointegration test: the johanssen and juseilus method is used
Unit root tests and ARDL approach is used for estimation
Jappeli -pagano extended life cycle model is used
ARDL and DOLS approch is used for estimation
FMOLS approach is used
Engle and Granger methodology is used
Data are analyzed using both Fixed and random effect model
Country specific fixed effect model is used

Panel granger casuality test

ARDL approach is used
ARDL approach is used
Country specific fixed effect model is used
Country specific fixed effect model is used
ARDL approach is used
Fixed and random effect models used
System GMM is used over difference GMM
System GMM is used
Country specific fixed effect model is used
Country specific fixed effect model is used
Country specific fixed effect model is used
Fixed and random effect model is used
 Variables
Aggregate consumption, inflation, real interest rate, per capita budget deficit/ Govt borrowing
Household saving rate,income and growth, inflation, RIR, W/Y, Foreign saving, Dependency ratio
S/Y, DEP, Life expectancy,Income and income growth
INC, INCgr, DEP, INF,Social security, RIR, Financial development, CAB, Income inequality, Political Instability
Household saving rate,income and growth, inflation, RIR, W/Y, Foreign saving, Dependency ratio
HHS/GDP, INC&INCgr,RIR,INF,OLDDEP,UNP, Financial deregulation, DTAX
Pvtsav/gdp, Gov bud sur/gdp, Govt curexp/gdp,GOVinv/gdp, GDPgr,RIR,W/gdp,INF, %change in TOT,DEP,CAB/GDP
GPS/GPDI,Real GPDI and Growth,RIR, Financial Depth,TOT, UR,OLD&youDEP,Govsav/GPDI,ACC CRE, Uncertainty
Pvtsav/PDS, DEP,Retirement ratios,INCgr,Govt surplus/deficit/gdp,Liquidity constraint
Gross national savings,economic growth, Interest rate, dependency rate,Foreign savings
HHS rate, RHDI&RHDIgr, DEP,RIR,UNMP,INF,PUBSAV/HDI,HW/HDI,Social security/HDI
Pvt Sav rate,DEP,OLDDEP,Liqiuidity constraint, Govt deficit/gdp,RIR,RDIgr,INF
Income growth, INF, DEP,Social security benefits
Financial wealth, housing wealth, GOVsaving/gdp, DEP, INF, RIR, Liquidity constraints
seasonally adjusted quarterly real per capita consumption on durables and Real per capita disposable income
INC &INCgr, OLD &Young DEP, Financial development, RIR
Gross saving rate, economic growth, INF,% od rural population in total population, RIR,DEP,Lifeexp at birth
Net saving rate, Labor income uncertainty, Household wealth, Govt deficit, OLD and YOUNG DEP, Credit condtions
GDS/Gdp, FD, INCgr, RIR, AGE DEP, Share of AGR to Gdp, foreign savings, public savings
Pvt savings, INC,INF,FD, PUBSAV,PI,RIR,DEP
Economic growth, DEP,INF,RIR,W,GFD/gdp,Personal income tax/gdp,Share of AGR/GDP
GDS, GNS, INC &INCgr, DEP, Social security, Income inequality, FD
Aggregate savings rate, old & young DEP, RIR, Uncertainty,INC & INCgr,FD
HHSR, INC & INCgr, Fiscal balance/gdp, Liquidity constraints, DEP, Lifeexp,INF, wealth,Income inequality,Globalization
Household final consumption expenditure and GDP
Pubsav,FD, Credit growth, INC &INCgr,DEP,Social security, RIR
HHSR,INCgr, Credit acccess, RIR, Labor income uncertainty,
Gros household savings/gross disposable income,RIR,INF,UNMP,Pubdebt,Govdef,Social protection& Pension expenditure,Hou
Housing wealth, financial wealth, INC & INCgr, FD, Liquidity constraint, Govt spending
HHSR, HDI, RIR, Social security, DEP, Income uncertainty, Unanticipated income growth, Unanticipated inflation
INC &INCgr, Financial literacy, Life expectancy,Social sector expenditure, governance index, Wealth Inequality, Female headed
 Findings
real interest rate and budget deificit has positive effect on consumption and inflation has neagtive effect
income growth has strong and positive effect, Inflation has negilible negative effect, foreign saving and dependency ratio has n
Life expectacncy showed positive sign and other variables have shown expected sign
INC and INCgr is significant and positive along with Financial development. INF -, Social security -, INC ine +, POL -
Household saving behavior from industrial countries are different from developing countries because of different income leve
OLDDEP,FD,DTAX(-), INF,UNP,INC&INCgr(+)
Private saving behavior from industrial countries are different from developing countries because of different income levels.
Saving behavior is different across countries
INCgr,Govt surplus( +), Credit constraint, DEP (-)
Economic growth +, DEP,FS (-), RIR (+,-)
INC and INCGgr,RIR,UNMP (+), DEP,SOC,ACC CRE,PubSAV (-)
Pvt Sav rate,DEP,OLDDEP, Govt deficit/gdp,RIR,RDIgr,INF (+),, Liquidity constraint (-)
Income growth, INF (+), Social security benefits is - in china and + in india, DEP (-)
Wealth (-), the tangiable wealth is the only kind of wealth that affects household savings in developing countries significantly
The findings in consistent with AIH
INC & INCgr(+), DEP & FD(-)
The household saving behavior is different between different regions of Europe
Labor income uncertainty, Govt deficit (+), wealth, DEP, Credit conditions (-)
FD, INCgr (+), RIR, AGE DEP, Share of AGR to Gdp, foreign savings, public savings (-)
INC,INF,RIR, FD (+), DEP, PUBSAV (-), PI (Insignificant)
EcoGR, DEP,GFD (+), INF,RIR,W,PIT,Share of AGR (-)
INC&INCgr, INC ineq (+), Social security, DEP, FD (-)
INC & INCgr(+), DEP & FD(-), RIR & INF ( Insignificant)
INC & INCgr, INF, Fiscal deficit, INCinequality (+),, Wealth, credit access, Lifeexp, Globalisation (-),, Dep (insignificant)
Results support the short term keynesian hypothesis
Pubsav,Credit growth, INC &INCgr,Social security (-), RIR (+), DEP, FD (Insignificant)
INCgr, labor income uncertainty (+), CREDIT Access (-), INF,RIR(Insignificant)
INCgr, Pubdebt, Govdef, Income inequality, INF, Unmp,RIR (+),, Social protection, Household debt, Household financial wealth
INC &INCgr, Govt spending (+),, FD,Liquidity constraints, housing wealth (-)
Income uncertainty, Unanticipated income growth and inflation (+), Social security (-)
INC &INCgr, Financial literacy, Life expectancy, Bank density (+), Social sector expenditure, Farm share (-)