Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/41607 
Authors: 
Year of Publication: 
2009
Series/Report no.: 
Working Paper No. 02/2009
Publisher: 
Hamburg School of Business Administration (HSBA), Hamburg
Abstract: 
Although the mere observation of saving aggregates might have us believe differently, this article argues that Singapore's sustained high saving performance was far from extraordinary once the country's particular circumstances are econometrically controlled for. Singapore's saving performance should therefore not be regarded as a mere blip in economic history. As a matter of fact, not the high saving rates in the late 1980s and 1990s, which usually attract the most attention, but rather the speed of transformation of the country's saving behaviour in the first years of independence is shown to be indeed extraordinary. Singapore was able to overcome its low initial saving performance much faster and much more strongly than could have been expected given its circumstances.
Subjects: 
Asia
Singapore
saving rate
economic growth
Document Type: 
Working Paper

Files in This Item:
File
Size
424.26 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.