Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/210806 
Authors: 
Year of Publication: 
2014
Series/Report no.: 
CBM Working Papers No. WP/03/2014
Publisher: 
Central Bank of Malta, Valletta
Abstract: 
This study analyses the determinants of the aggregate household saving rate in Malta; an important macroeconomic variable which in standard short-term analysis is considered as a 'residual'. The aggregate household saving rate, fluctuated significantly over the past thirteen years, rising from 6.4% in 2000 to 10.3% by 2002, falling significantly to 4.1% by 2006, doubling to 8.4% during 2007 and stabilising between 5% and 7% in the years 2008 to 2012. Such sharp swings warrant an investigation to uncover the underlying drivers, and this paper finds evidence that the estimate of the saving rate correlates with a set of macroeconomic variables The results of an estimated equation are in line with the theory and robust to different estimation techniques.
JEL: 
E32
E62
H20
H50
Document Type: 
Working Paper

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