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University Undergraduates' Propensity to Savings: A Case of Sri Lanka
| Content Provider | Semantic Scholar |
|---|---|
| Author | Balasooriya, B. L. S. |
| Copyright Year | 2017 |
| Abstract | Savings is vital for any country to achieve a sustainable economic growth and development targets over the time as there is a close relation between savings and growth [2]. Most developing countries including Sri Lanka are facing budget deficit due to due to some reasons. Sri Lanka is currently encompassing small revenue both from domestic and foreign sources but government expenditure increasing which course continuous budget deficit as well as the deficit in Balance of Payment but cannot observe any push effects largely from national savings. Official data from Central Bank of Sri Lanka prove that the personal and household saving is the largest component of domestic saving in Sri Lanka for many decades. Therefore, this paper attempts to explore the undergraduates' propensity to savings in Sri Lanka to identify psychological and socio-economic perspectives behind the undergraduates' propensity to savings. The present study is based on a cross-sectional dataset collected by a questionnaire survey. A stratified sample of undergraduates was selected from the national universities in Sri Lanka to gather primary data. The main tool of the discrete data analysis was the Probit regression model apart from other standard statistical measurements. The data analysis reveals that a number of psychological and socio-economic variables decides undergraduates savings. Even though the results showed that that undergraduates' propensity to save on longterm perspectives are very low, short-term perspectives are high. Therefore, a number of psychological and socio-economic factors are making a significant influence on low propensity to savings, but there are some psychological and socio-economic variables that can improve savings on long-term perspectives. |
| Starting Page | 2676 |
| Ending Page | 2682 |
| Page Count | 7 |
| File Format | PDF HTM / HTML |
| DOI | 10.20533/licej.2040.2589.2017.0354 |
| Volume Number | 8 |
| Alternate Webpage(s) | https://infonomics-society.org/wp-content/uploads/licej/published-papers/volume-8-2017/University-Undergraduates-Propensity-to-Savings.pdf |
| Alternate Webpage(s) | https://doi.org/10.20533/licej.2040.2589.2017.0354 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
