An understanding of the determinants of savings is crucial for understanding the development process in the Third World. Asian countries merit special attention in this context insofar as in the last two decades gross national savings as a percentage of GNP have been much more buoyant in the...

The basic objective of this paper is to develop a simultaneous equation system to examine the effect of foreign capital on growth of a sample of nine Asian developing countries. The major finding of the paper is that foreign capital flows have made a positive contribution to the growth of Asian...