The Negative Correlation Between Foreign Savings and Domestic Savings

We show that the negative correlation between foreign and domestic savings arises from the non-stationarity of these variables. We propose a more appropriate technique for testing a causal relation such as the one claimed by the revisionist view.

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Year of publication:	1997
Authors:	Mapalad, Maria Claret M. ; Liverakos, Petros K.
Published in:	Philippine Review of Economics. - School of Economics. - Vol. 34.1997, 1, p. 38-49
Publisher:	School of Economics

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010856027