The Impact of Demographic Dynamics on Household Saving in Pre-COVID-19 South Africa
This paper examines the effect of demographic dynamics on household saving in pre-COVID-19 South Africa, across all nine provinces of South Africa. The study used panel autoregressive distributed lag (PARDL) and Dumitrescu-Hurlin panel causality methods. The results revealed a longrun relationship...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Primorska
2025-06-01
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| Series: | Managing Global Transitions |
| Subjects: | |
| Online Access: | https://ojs.upr.si/index.php/fm/article/view/216 |
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| Summary: | This paper examines the effect of demographic dynamics on household saving in pre-COVID-19 South Africa, across all nine provinces of South Africa. The study used panel autoregressive distributed lag (PARDL) and Dumitrescu-Hurlin panel causality methods. The results revealed a longrun relationship between demographic dynamics and household saving in South Africa, showing that the White working age population had a significant effect on South Africa’s household saving in both the long-run and short-run, while the Black and Coloured working age population groups significantly impacted household saving only in the long-run. However, the Asian/Indian working age population had no effect on household saving in either the long run or short run. The Dumitrescu-Hurlin panel causality analysis revealed a bidirectional causality running between Asian/Indian, Black, and Coloured population groups and household saving, while a unidirectional causality was found running from the White population
group to household saving.
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| ISSN: | 1854-6935 |