This paper looks at the relationship between financial development and economic growth using time series data for eight Asian countries. First, we estimate augmented production functions where a financial development variable is added. Second, we conduct multivariate causality tests between the...

Maizels (1968) hypothesizes that exports contribute more to savings than the non-export part of GDP. In this paper, we study the Maizels’ hypothesis for 17 African countries using time series data. The study finds general support for the Maizels’ hypothesis.

This paper studies the relationship between GDP and saving in India. During the last few years, the saving rate has fallen marginally raising concern that it might adversely affect economic growth. We take a long run view. We explore whether there is a long run relationship between GDP and...