Determinants of savings in the SADC region : the role of foreign capital and financial development

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dc.contributor.authorKapingura, Forget Mingirien_ZA
dc.contributor.authorIkhide, Sylvanusen_ZA
dc.contributor.authorTsegaye, Asraten_ZA
dc.date.accessioned2016-10-05T12:23:06Z
dc.date.available2016-10-05T12:23:06Z
dc.date.issued2015-12
dc.descriptionCITATION: Kapingura, F. M., Ikhide, S. & Tsegaye, A. 2015. Determinants of savings in the SADC region : the role of foreign capital and financial development. Journal of Applied Business Research, 31(6):2107-2122, doi:10.19030/jabr.v31i6.9470.
dc.descriptionThe original publication is available at http://www.cluteinstitute.com/journals/journal-of-applied-business-research-jabr/
dc.description.abstractThe study examines the determinants of savings in the SADC region, mainly focusing on the roles played by external financial flows and financial development in mobilising domestic savings utilising panel cointegration method and the Dynamic ordinary Least Squares (DOLS) approach from 1980 to 2009. Following the review of literature, the empirical model adopted established that there is a long-run relationship between the variables of interest. The results indicate that income, proxied with GDP, financial sector development and foreign capital have a positive relationship with savings. The results also suggest that financial sector development has played a very important role in influencing savings in the region. However on the other hand the results indicate that interest rate and dependency ratio have influenced savings negatively. The empirical results support the hypothesis that foreign savings bridges the gap between domestic demand and supply of finance in the SADC countries. There is need to attract more foreign capital given that it compliments domestic savings. At the same time policies aimed at financial deepening should still be pursued to further deepen the financial system in the SADC countries to further enhance savings.en_ZA
dc.description.urihttp://www.cluteinstitute.com/ojs/index.php/JABR/article/view/9470
dc.description.versionPublisher's version
dc.format.extent16 pagesen_ZA
dc.identifier.citationKapingura, F. M., Ikhide, S. & Tsegaye, A. 2015. Determinants of savings in the SADC region : the role of foreign capital and financial development. Journal of Applied Business Research, 31(6):2107-2122, doi:10.19030/jabr.v31i6.9470.
dc.identifier.issn2157-8834 (online)
dc.identifier.issn0892-7626 (print)
dc.identifier.otherdoi:10.19030/jabr.v31i6.9470
dc.identifier.urihttp://hdl.handle.net/10019.1/99694
dc.language.isoen_ZAen_ZA
dc.publisherThe Clute Instituteen_ZA
dc.rights.holderAuthors retain copyrighten_ZA
dc.subjectSADCen_ZA
dc.subjectGross domestic producten_ZA
dc.subjectCointegrationen_ZA
dc.subjectSaving and investment -- Developing countriesen_ZA
dc.subjectEconometricsen_ZA
dc.titleDeterminants of savings in the SADC region : the role of foreign capital and financial developmenten_ZA
dc.typeArticleen_ZA
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