| Title: | The Impact of Demographic Dynamics on Household Saving in Pre-COVID-19 South Africa |
|---|
| Authors: | ID Nwogbo, Afamefuna Emmanuel (Author)
ID Eita, Joel Hinaunye (Author)
ID Chetty, Sivan (Author) |
|---|
| Files: |  https://ojs.upr.si/index.php/fm/article/download/216/85
 MGT_Nwogbo_Afamefuna_Emmanuel_2025.pdf (234,48 KB)
MD5: 7AFA6EF7EB3C4B50EABEEA2189C5A1A2
|
|---|
| Language: | English |
|---|
| Work type: | Article |
|---|
| Typology: | 1.01 - Original Scientific Article |
|---|
| Organization: | ZUP - University of Primorska Press
|
|---|
| Abstract: | 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. |
|---|
| Keywords: | demographics, working age population, aged/elderly population, life-cycle hypothesis, household saving, panel ARDL, Dumitrescu-Hurlin panel causality |
|---|
| Publication status: | Published |
|---|
| Publication version: | Version of Record |
|---|
| Publication date: | 30.06.2025 |
|---|
| Year of publishing: | 2025 |
|---|
| Numbering: | Vol. 23, no. 2 |
|---|
| PID: | 20.500.12556/RUP-22248  |
|---|
| eISSN: | 1854-6935 |
|---|
| DOI: | https://doi.org/10.26493/1854-6935.23.121-146 |
|---|
| Publication date in RUP: | 18.12.2025 |
|---|
| Views: | 209 |
|---|
| Downloads: | 0 |
|---|
| Metadata: |    |
|---|
|
:
|
Copy citation |
|---|
| | | | Average score: | (0 votes) |
|---|
| Your score: | Voting is allowed only for logged in users. |
|---|
| Share: |  |
|---|
Hover the mouse pointer over a document title to show the abstract or click
on the title to get all document metadata. |
