PERILAKU TABUNGAN: KASUS PERBANDINGAN NEGARA-NEGARA ASEAN DAN NEGARA INDUSTRI MAJU 1989 -1996

Faried Wijaya Mansoer

PERILAKU TABUNGAN: KASUS PERBANDINGAN NEGARA-NEGARA ASEAN DAN NEGARA INDUSTRI MAJU 1989 -1996

Faried Wijaya Mansoer^(1*)

(1) Universitas Gadjah Mada
(*) Corresponding Author

Abstract

Understanding the nature of savings behavior is critical in designing policies to promote saving and investment. Usually, government of developing countries addopt saving policies of developed countries, particularly United States, without adjusted with their economy and politics circumstances. This study aims at examining the difference in saving behavior in ASEAN versus industrial countries. The ASEAN countries used are Indonesia, Malaysia, Philipina, Thailand, and Singapura. As expected, the estimation result shows that saving behavior in developing countries differ with developed countries, that decribed by sign and value of parameter of independent (exogenous) variabel. Interest rates have positive impact for saving behavior in developed countries, but negative impact in developing countries. This result doubt hyphotesis of Mckinnon and Swan about financial deregulation.

References

Ando, A. dan F. Modigliani (1963), "The Life Cycle Hypothesis of Saving: Agregate Implication and Tests", American Economic Review, Maret, Vol. 53, No. 1, Part 1.

Bovenberg, A.L. dan O. Evans (1990), "National and Personal Saving in United States: Measurement and Analysis of Recent Trends", IMF Staff Paper, September, Vol. 37, No. 3.

De Melo, J. dan J. Tybout (1986), "The Effects of Financial Liberalization on Savings and Investment in Uruguay", Economic Development and Cultural Change, April, Vol. 34, No. 3.

Friedman, M. (1957), Theory of the Consumption Function, Princeton, N. J. Princeton University Press for The National Bureau of The Economic research.

Giovannini, A. (1985), "Saving and The Real Interest Rate in LDCs", Journal of Development Economics, Agustus, Vol. 18, No. 2-3.

Gujarati, D. N. (1995), Basic Econometrics, Third Edition, Singapore: McGraw-Hill International Edition.

Gupta, K. L. (1970a), "Foreign Capital and Domestic Savings: A Test of Haavelmo's Hypothesis with Cross-Countries Data: A Comment", Reviews of Economics and Statistics, Mei, Vol. 52, No.2.

_____ (1970b), "Personal Saving in Development Nations: Futher Evidence", Economic Record, Juni, Vol. 46.

_____ (1970c), "On Some Determinant of Rural and Urban Household Savings Behavior", Economic Record, Desember, Vol. 46.

_____(1987), "Aggregate Savings, Financial Intermediation, and Interest Rate", Review of Economics and Statistics, Mei, Vol. 69, No. 2.

Kelley, A. dan J. Williamson (1968), "Household Saving Behavior in Developing Economies: The Indonesian Case", Economic Development and Cultural Change, April, Vol. 16, No. 3, hal. 385-403.

Keynes, J. M. (1936), The General Theory of Employment, Interest and Money, New York: Harcourt, Brace and Co.

McKinnon, R. I. (1973), Money and Capital in Economic Development, Washington D.C.: Brooking Institution.

Muradoglu, G. dan F. Taskin (1996), "Differences in Household Saving Behavior: Evidence from Industrial and Developing Countries", The Developing Economics, Juni, Voi.XXXIV, No. 2, hal. 138-153.

Nairobi (1995), Analisis Tabungan Domestik di Indonesia: Kajian Jangka Pendek dan Jangka Panjang, Tesis S-2, Fakultas Pasca Sarjana UGM, Yogyakarta, tidak dipublikasikan.

Rossi, N. (1988), "Government Spending, the Real Interest Rate, and Behavior of Liquidity-Constrained Consumers in Developing Countries", IMF Staff Papers, Maret, Vol. 35, No. 1.

Schmidt-Hebbel, K., S. B. Webb, dan G. Corsetti (1992), "Household Saving in the Developing Countries: First Cross-Country Evidence", World Bank Economics Reviews, September, Vol. 6, No. 3.

Shaw, E. S. (1973), Financial Deepening in Economics Development, New York: Oxford University Press.

Vieneris, Y. P. (1977), Macroeconomics Model and Policy, New York: John Wiley & Son.

Wickens, M. R. dan T. S. Breusch (1988), "Dynamic Specification, the Long Run and the Estimation of Transformed Regression Models", Economic Journal, 98, P. 189-205.

Article Metrics

Abstract views : 934

Refbacks

There are currently no refbacks.

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Journal of Indonesian Economy and Business

Journal

Editorial Team
Focus and Scope
Peer Review Process
Publication Ethics
Screening for Plagiarism

Authors

Author Guidelines
Submission Guidelines
Online Submissions
Copyright Notice
Privacy Statement
Author Fees

Download

Author Pack
Submission Form & Manuscript Template

Reviewer

Reviewer Guidelines
Reviewer Acknowledgement

Reader

General Search
Achieves
Author index
Title index

The Journal of Indonesian Economy and Business (print ISSN 2085-8272; online ISSN 2338-5847) is published by the Faculty of Economics and Business Universitas Gadjah Mada, Indonesia. The content of this website is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License

Visitor Statistics