مجلة الباحث
Volume 9, Numéro 9, Pages 21-30
2011-06-01

Determinants Of Savings: An Empirical Evidence From African Countries, 1990-1999



Authors : Ahmed Mualley Salih Mustafa .

Abstract

This study examined from an empirical point of view the response of domestic savings in a set of African countries to per capita income, commercial banks’ interest rate, and the age dependency ratio. For this purpose ordinary least squares technique is applied to a cross-section data on domestic savings, income, commercial banks’ interest rate, and age dependency ratio taken from African countries for the period (1990-1999). The results suggest that African savings are elastic to income only.

Keywords

Determinants, Savings, Empirical, AfricanCountries.

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