The smooth-saving-retention-coefficient with country-size
The study uses data on 14 countries (Taylor, 1994) to investigate if the saving-retention coefficient varies with country size. A novel semiparametric smooth-coefficient approach of Koop and Tobias (2005) is employed to make posterior inference via the Gibbs sampler algorithm. Empirical results show an overwhelming evidence in support of a positive (nonlinear) relationship between the saving-retention coefficient and country size.
Year of publication: |
2006
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Authors: | Ho, Tsungwu ; Huang, Ho-Chuan |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 13.2006, 4, p. 247-250
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Publisher: |
Taylor & Francis Journals |
Saved in:
freely available
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