Paper Title
Saving, Income, Fertility And Longevity Linkages In Thailand

Abstract
Saving is considered as one of the most important factors which determine Thailand�s economic opportunity in ageing society because it is a key determinant of wealth accumulation of elderly people which enables them to have significant economic contribution after retirement, turning them into an economic active population. Therefore, the appropriate policies to promote saving of Thai people are needed to handle ageing society. That is, the greater saving will lead to the greater wealth accumulation to finance elderly people�s consumption after retirement, leading to the constant economic growth in ageing society. Consequently, this study aims to examine the causal relationships among saving, income, fertility and longevity in Thailand during 1960 � 2012 by employing Vector Error Correction (VEC) analysis and Granger Causality test. VEC analysis is chosen since it can examine the causal relationships among these factors in both short and long run. The findings reveal that, in short run, there is a uni-directional causality from income to saving but no causality from saving to income. There is also the uni-directional causality from fertility and longevity to saving but no causality from saving to either fertility or longevity. Moreover, there is a bi-directional causality between income and longevity. There is the uni-directional causality from fertility to income but no causality from income to fertility. Furthermore, there is the bi-directional causality between fertility and longevity. Additionally, in long run, there are the causal relationships from saving, income and longevity altogether to fertility and from saving, income and fertility to longevity. However, there is no long run causality from income, fertility and longevity to saving or from saving, fertility and longevity to income. Keywords- Saving; Income; Fertility; Longevity; Causality; Thailand