Özet:

Savings have an important place in both developed and developing countries. In particular, in developing countries, domestic savings play a decisive role in ensuring the capital formation necessary for investments and sustainable growth. One of the priorities of economic policies in these countries is that savings should be delivered to a sufficient level. This study aims to identify the factors affecting domestic savings and the savings rates and the direction of the relationship between the upper-middle-income groups in developing economies by using panel data analysis. The findings of the empirical study show that the expected increase in non-clean domestic profits has a more noticeable impact on domestic savings among other factors. Private sector loans are also increasing domestic savings while the factors affecting savings in a negative direction are found according to their levels of impact as national consumption spending, unemployment, urbanization, real interest rate.

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