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Published in:

Volume 5 Issue 12
December-2018
eISSN: 2349-5162

Unique Identifier

JETIRP006040

Page Number

172-176

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Title

Percapita Income, Domestic Savings And Longevity Among Developed Countries And Its Implications For India

ISSN

2349-5162

Cite This Article

"Percapita Income, Domestic Savings And Longevity Among Developed Countries And Its Implications For India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 12, page no.172-176, December-2018, Available :http://www.jetir.org/papers/JETIRP006040.pdf

Abstract

India’s growth story is increasingly becoming visible in the global context. The growth is predominantly consumption driven and an apt initiative of Make in India, attracting higher FDI acts as stimulant of growth. The growth in terms of Percapita income needs to translate to savings, which can aid in better lifestyle post retirement. The developed nations strive for better policies for the social security and pension systems of their citizens. India, with most of the average population in the working class, needs to take action to induce savings and implement various schemes for adaptation of better pension schemes. In this context, the study was focussed to understand the relationship amongPercapita income, life expectancy, GDP and savings. The variables weresignificant in influencing the savings in the developed and developing countries. The data was collected through secondary sources, and the tools used for the analysis were panel vector auto regression, seemingly unrelated regression and granger causality. The level of savings varied among the countries and the SURE estimates suggested a negative relationship between life expectancy and savings in case of India

Key Words

:Income, Savings, longevity, policy measure, Panel VAR, Granger Causality JEL Classification:D31, E21, E60

Cite This Article

"Percapita Income, Domestic Savings And Longevity Among Developed Countries And Its Implications For India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp172-176, December-2018, Available at : http://www.jetir.org/papers/JETIRP006040.pdf

Publication Details

Published Paper ID: JETIRP006040
Registration ID: 191928
Published In: Volume 5 | Issue 12 | Year December-2018
DOI (Digital Object Identifier):
Page No: 172-176
ISSN Number: 2349-5162

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Cite This Article

"Percapita Income, Domestic Savings And Longevity Among Developed Countries And Its Implications For India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp172-176, December-2018, Available at : http://www.jetir.org/papers/JETIRP006040.pdf




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