Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/263304 
Year of Publication: 
2022
Series/Report no.: 
ISER Discussion Paper No. 1167
Publisher: 
Osaka University, Institute of Social and Economic Research (ISER), Osaka
Abstract: 
In this paper, we use provincial panel data on China for the 2002-19 period to conduct a spatial autocorrelation analysis of household saving rates as well as a dynamic panel analysis of the determinants of household saving rates using a spatial Durbin model. To summarize our main findings, we find that, in China, the household saving rate shows significant positive spatial autocorrelation with an overall "high-high" and "low-low" clustering pattern, that, as predicted by the life-cycle hypothesis, the youth dependency ratio and the old-age dependency ratio have a negative and significant impact on the household saving rate, and that the logarithm of per capita household disposable income, the regional economic growth rate, the share of the urban population, the industrialization rate, and the income disparity between urban and rural areas also have a significant impact on the household saving rate.
Subjects: 
age structure of the population
China
dependency ratio
household savingrate
life-cycle hypothesis or model
old-age dependency ratio
spatial autocorrelation
spatial Durbin model
youth dependency ratio
JEL: 
D14
D15
E21
G51
J11
O16
R20
Document Type: 
Working Paper

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