11/12/2022 0 Comments Rf online philippines nexusMaking Wald tests work for cointegrated VAR system. New York: Oxford University Press.ĭolado, J.J., Lütkepohl, H. Oxford Bulletin of Economics and Statistics, 55(3), 313– 28.ĭavidson, R., MacKinnon, J.G. Finite-sample sizes of Johansen’s likelihood ratio tests for cointegration. Domestic saving and capital inflow in some Asian countries: A time-series study. Proceedings of the Royal Society of London, Series A, 160(901), 268– 82.Ĭarroll, C.D., Overland, J.R., Weil, D.N. Properties of sufficiency and statistical tests. Journal of Asian Economics, 13(6), 827– 45.īartlett, M.S. China Economic Review, 17(1), 70– 83.īaharumshah, A.Z., Thanoon, M.A., Rashid, S. Foreign capital flows and economic growth in East Asian countries. Savings and Development, 27(4), 421– 40.īaharumshah, A.Z., Thanoon, M.A. Determinants of gross national saving in Malaysia: A macroeconomic analysis 1960–2000. Journal of International Development, 16(2), 281– 90.īaharumshah, A.Z., Thanoon, M.A. Does saving really matter for growth? Mexico (1970–2000). The relation between saving and growth: Cointegration and causality evidence from Asia. Small sample estimation of a cointegrating vector: An empirical evaluation of six estimation techniques. Therefore, we believe that savings is a prominent source of economicĪbeysinghe, T., Tan, K.B. We found that savings Granger cause economic growth in all ASEAN-5 economies. urthermore, the bootstrapping approach was used to ascertain the causality direction between savings and economic growth. The estimation results suggest that savings and its determinants are cointegrated in the fi ve ASEAN founding countries. The Bartlett-corrected trace test for cointegration was adopted to examine the presence of a long-run relationship between savings and its determinants. This study covered the annual data from 1970 to 2010. Therefore, the purpose of this study is to re-visit empirically the savings–growth nexus for the fi ve ASEAN founding economies-ASEAN-5-via a multivariate framework. Establishing a clear causal relationship has signifi cant policymaking implications for economic growth and development. The savings–growth nexus is an age-old empirical problem, but the causal relationship between savings and economic growth remains controversial.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |