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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| Format: | Article |
| Language: | English |
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University of Primorska
2025-06-01
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| Series: | Managing Global Transitions |
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| Online Access: | https://ojs.upr.si/index.php/fm/article/view/216 |
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| author | Afamefuna Emmanuel Nwogbo Joel Hinaunye Eita Sivan Chetty |
| author_facet | Afamefuna Emmanuel Nwogbo Joel Hinaunye Eita Sivan Chetty |
| author_sort | Afamefuna Emmanuel Nwogbo |
| collection | DOAJ |
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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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| format | Article |
| id | doaj-art-e31648f77c6f4a61ab8ab38ed5d54883 |
| institution | Kabale University |
| issn | 1854-6935 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | University of Primorska |
| record_format | Article |
| series | Managing Global Transitions |
| spelling | doaj-art-e31648f77c6f4a61ab8ab38ed5d548832025-08-20T03:28:00ZengUniversity of PrimorskaManaging Global Transitions1854-69352025-06-0123210.26493/1854-6935.23.121-146The Impact of Demographic Dynamics on Household Saving in Pre-COVID-19 South AfricaAfamefuna Emmanuel Nwogbo0Joel Hinaunye Eita1Sivan Chetty2University of JohannesburgUniversity of JohannesburgUniversity of Johannesburg 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. https://ojs.upr.si/index.php/fm/article/view/216demographicsworking age populationaged/elderly populationlife-cycle hypothesishousehold savingpanel ARDL |
| spellingShingle | Afamefuna Emmanuel Nwogbo Joel Hinaunye Eita Sivan Chetty The Impact of Demographic Dynamics on Household Saving in Pre-COVID-19 South Africa Managing Global Transitions demographics working age population aged/elderly population life-cycle hypothesis household saving panel ARDL |
| title | The Impact of Demographic Dynamics on Household Saving in Pre-COVID-19 South Africa |
| title_full | The Impact of Demographic Dynamics on Household Saving in Pre-COVID-19 South Africa |
| title_fullStr | The Impact of Demographic Dynamics on Household Saving in Pre-COVID-19 South Africa |
| title_full_unstemmed | The Impact of Demographic Dynamics on Household Saving in Pre-COVID-19 South Africa |
| title_short | The Impact of Demographic Dynamics on Household Saving in Pre-COVID-19 South Africa |
| title_sort | impact of demographic dynamics on household saving in pre covid 19 south africa |
| topic | demographics working age population aged/elderly population life-cycle hypothesis household saving panel ARDL |
| url | https://ojs.upr.si/index.php/fm/article/view/216 |
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