Journal of Finance and Economics

Journal of Finance and Economics

ISSN: 2291-4951 (Print)    ISSN: 2291-496X (Online)

Volume 4 (2016), No. 1, Pages 24-38

DOI: 10.12735/jfe.v4i1p24

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Remittances and Savings in Asia: Some Empirical Evidence Based on the Life-Cycle Model

Azmat Gani1 

1Department of Economics and Finance, College of Economics and Political Science, Sultan Qaboos University, Oman


To Cite this Article     Article Views: 686     Downloads: 475  Since deposited on 2016-01-21


This study empirically examines the effect of remittances on private real savings for a sample of Asian economies using cross-country time-series data. Our findings consistently show that remittance inflows in Asian countries are positively and statistically significantly correlated with their private real savings. Our findings also reveal economic growth, real deposit interest rate and credit provided by the banking sector as other significant determinants of private real savings. Some policy implications are drawn.

JEL Classifications: F24, O16, F21

Keywords: Remittances, Savings, Life Cycle, Working Population, Asian Countries

To Cite this Article: Gani, A. (2016). Remittances and savings in Asia: Some empirical evidence based on the life-cycle model. Journal of Finance and Economics, 4(1), 24-38.

Copyright © Azmat Gani

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This article is published under license to Science and Education Centre of North America. This is an Open Access article distributed under the terms of the Creative Commons Attribution 4.0 International License.

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Remittances and Savings in Asia: Some Empirical Evidence Based on the Life-Cycle Model