The interaction among pension funds, saving rate and balance of payment

Main Article Content

Serdar Ozturk
Cumali Marangoz

Abstract

This study aims to explore the existence of causal relationship between pension funds and two macroeconomic key variables, namely balance of payments and saving rate for across OECD countries over the period 2001–2015. Employing a panel vector autoregression (PVAR) methodology, bi-directional Granger causal relationships are found between balance of payment, pension funds and saving rate. Results suggest that policymakers should take any possible economic impacts into account while making new regulations regarding pension funds.
Keywords: Saving rate, current account deficit, panel VAR, pension funds.

Downloads

Download data is not yet available.

Article Details

How to Cite
Ozturk, S., & Marangoz, C. (2018). The interaction among pension funds, saving rate and balance of payment. New Trends and Issues Proceedings on Humanities and Social Sciences, 5(2), 113-120. https://doi.org/10.18844/prosoc.v5i2.3661
Section
Articles